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.
Women in South Korea "Bacchus Ladies", grandmothers who trade sex and other favours on top of the energy drink Bacchus, of which their name was coined after. South Korean law first acknowledged women as rapists in June 2013; in 2015, the first woman was charged with rape in South Korea. The woman, only identified with her surname Jeon, was also the first woman to be arrested for sexually abusing a man. (Data from 1990.) Women in South Korea Women in South Korea have experienced significant improvements for social changes in recent years, compared to previous times, when Confucianism was deeply imbued in the culture.