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
Urban regeneration in South Korea create employment based on existing industrial functions and industries and to stimulate economic recovery to surrounding areas. The institution links urban regeneration, development and urban regeneration with key facilities that have significant economic recovery. It targets areas where employment can be created through composite development projects(anchor businesses). Typical example Urban regeneration in South Korea Urban regeneration in South Korea began with the reconstruction following the Korean war. (For brevity, references to Korea hereafter refer to South Korea.) In the 1980s, the policies and paradigms for establishing new towns changed greatly. Urban regeneration examples include Housing redevelopment projects, housing refurbishment projects,