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 manages ‘versatile program’ targeting children of multicultural family. ‘Understanding my emotion’ lecture in ‘versatile program’ is a program that can help strengthen positive ego and identity of children through experience of sharing emotion with 15 teenagers in other age groups. An official says that "Truly, due to children of multicultural family undergo various confusion about identity in school and other situations, formation of sympathy and sharing own emotion can help forming healthy identity. Multicultural family in South Korea A multicultural family in South Korea is a family that made up of people without a background in Korean culture. As the