conglomerate: a corporation consisting of several companies in different, unrelated, businesses. Such a structure allows for diversification of business risks, but the lack of focus can make managing the diverse businesses more difficult. chaebol - Korean term for a conglomerate of many companies clustered around one parent company. The companies usually hold shares in each other and are often run by one family. Similar to the keiretsu in Japan.

“The Gligg group is a conglomerate of companies from varying different industries.”