Word: chaebolist
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...scribbled lines, gave encouragement to a colleague and, in a note to his employees, wrote: "A foolish man does a foolish thing.") But few men in South Korea could have had more burdens to bear. Chung, one of eight sons of the late Chung Ju Yung, pioneering chaebolist and founder of the Hyundai group, had been demoted in the Hyundai empire from group chairman to overseer of Hyundai Asan, the subsidiary that specializes in tourism and industrial investments in North Korea. He was on trial for his still-murky role in the clandestine transfer of at least $450 million...
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