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
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.