Chaebol General Motors and Renault. The chaebol debts were not only to state industrial banks but also to independent banks and their own financial services subsidiaries. The scale of the loan defaults meant that banks could neither foreclose nor write off bad loans without themselves collapsing, so the failure to service these debts quickly caused a systemic banking crisis, and South Korea turned to the IMF for assistance. The most spectacular example came in mid-1999, with the collapse of the Daewoo Group, which had some US$80 billion in unpaid debt. At the time, it was the largest corporate bankruptcy in history.
Owned-and-operated station Radio Disney. ESPN has only a few owned-and-operated stations in mostly major markets, but almost all of Radio Disney's outlets were owned by Disney itself prior to its transition to a mainly digitally distributed service in 2014 (leaving Los Angeles flagship KDIS as the network's only remaining O&O until 2017, when it became affiliated with spin-off network "Radio Disney Country"). Most religious radio networks, such as Salem Communications, Moody Radio, the Bible Broadcasting Network, and Air 1/K-Love, own and operate all of their stations. The Public Broadcasting Service (PBS) does not own or operate any of its stations by way