A chaebol is a large South Korean conglomerate that consists of various affiliated businesses, often controlled by a single family. These companies typically operate in multiple industries, such as electronics, automotive, and construction. Notable examples of chaebols include Samsung, Hyundai, and LG. They play a significant role in South Korea's economy and are known for their substantial influence on both domestic and international markets. Chaebols emerged in the aftermath of the Korean War, supported by government policies aimed at rapid industrialization. They are characterized by their hierarchical structure and close ties to the government, which can lead to both economic growth and concerns about monopolistic practices. The relationship between chaebols and the South Korean government has evolved, especially in response to calls for reform and increased transparency.