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
Video gaming in South Korea Legends" provides free access to all characters and extra game currency on each match. South Korea is well known for the fact that professional gaming has a very substantial following in the country, with the top players earning big money prizes in competitions, and spending a significant number of hours practicing every day. Pro-gaming tournaments in South Korea are broadcast, with millions of people tuning in to watch live or catch the results on one of three channels that are exclusively geared toward e-sports. In South Korea, pro-gaming and e-sports competitions are considered a national past time with approximately 10