Chaebol General Motors and Renault. The chaebol debts were not only to state industrial banks but also to independent banks and their own financial services subsidiaries. The scale of the loan defaults meant that banks could neither foreclose nor write off bad loans without themselves collapsing, so the failure to service these debts quickly caused a systemic banking crisis, and South Korea turned to the IMF for assistance. The most spectacular example came in mid-1999, with the collapse of the Daewoo Group, which had some US$80 billion in unpaid debt. At the time, it was the largest corporate bankruptcy in history.
Marriage in South Korea offering programs to help foreign wives to try to adjust to Korean society through Healthy Family Support Centers nationwide. Multicultural Family Support Centers in South Korea are operated and funded by the Ministry of Gender Equality and Family. The aim and purpose of these centers are to provide family education, counseling and cultural services for multicultural families, to support the early settlement of immigrant women in Korean society, and to help multicultural families enjoy stable family lives. By collaborating with local cities and provinces, the Support Centers manage to provide basic but necessary services to local women such as Korean