Final answer:
Chaebols are large family-held conglomerates that are characteristic of South Korea, contributing significantly to its status as an economic tiger through export-led industrialization.
Step-by-step explanation:
Chaebols are large, family-held conglomerates in South Korea. These massive corporations have played a significant role in the country's economic development, contributing to South Korea's reputation as an economic tiger. Major South Korean chaebols include names like Daewoo, Samsung, Kia Motors, Hyundai, and the Orion Group. They were instrumental in South Korea's rapid export-led industrialization during the latter half of the 20th century, which caused the nation to converge with the global economic leaders.