chaebol Syllabification: (chae·bol)Pronunciation: /ˈkīˌbäl, -ˌbôl/Definition of chaebol noun (plural same or chaebols) (in South Korea) a large business conglomerate, typically a family-owned one. Origin: 1980s: Korean, literally 'money clan'chaebol in other Oxford dictionaries Definition of chaebol in the British & World English dictionary