Chaebol the claim that in order to be a competitive economy more power must be given to the chaebol. In recent years, the leading political parties of South Korea have reversed their pro-large corporate stance to one of economic diversification. Under Kim Dae-Jung and in the wake of the 1997 Asian Financial crisis, many reforms were made to the chaebol. Most of these changes pertained to corporate structure, transparency in financial reporting, corporate governance, and debt stabilization. In 1997, the IMF provided a bailout loan of $60 billion conditional on revision. Distressed financial institutions were to be closed down and those
Multicultural family in South Korea their identity. They experience confusion because of the difference of language, culture, and values. The difference in thinking among countries, difficulties of communication with parents is example of that. Student who looks like Korean also tend to shame their parent’s nationality. supporting policy : In Korea, each local government manages their own support programs to establish identity of children of multicultural family. Multicultural family support center of Cheongju-si provides various services for children of multicultural family. Through ‘bilingual environment project’, one of support services, center tries to recover identity of children of multicultural family. Multicultural family support center of Hamyang-gun