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 value-neutral term 'international marriage children' or 'children of international marriage immigrants'. More recently, people began to use the term 'children of multicultural families'. First, there are children of international marriage immigrants. Those are a children who one of their parents have Korean nationality and another parent have foreign nationality. Second, there are children of foreign worker's families. Immigrant worker bring their children over Korea or birth their children in Korea. Most of them have their own country's nationality, live in Korea as foreign. They cannot receive support based on Multicultural families supporting policy. It is a service for multicultural family