What is the term for South Korea's large family-controlled business groups similar to Japan's keiretsu?

Explanation

The correct answer is 'chaebol,' which refers to South Korea's major family-owned industrial conglomerates, similar to Japan's keiretsu. 'Zaibatsu' are Japanese pre-World War II industrial groups, 'laissez-faire' describes an economic policy of minimal government interference, and 'bourgeoisie' denotes the capitalist class in society.