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
Owned-and-operated station urban centres); the few affiliates are located in smaller regional markets like Lloydminster and Thunder Bay. CBC Television, with its role as the publicly funded broadcaster, has at least one O&O in every single province, as well as CBC North serving the three territories as well as northern Quebec. While the majority of Canadians are served by CBC owned-and-operated stations, the CBC also has some privately owned affiliates, though the number has decreased over the years, particularly since the early 2000s. As of January 2017, no private CBC affiliates remain (the last such station disaffiliated in September 2016), and stations