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
Owned-and-operated station Channel Islands, most of the operations of the network have been absorbed into that entity. Moreover, the separately owned station serving northern and central Scotland (STV) and the ITV plc-owned UTV often deviate significantly from the schedule of the ITV channel as programmed by ITV plc. As a result of this restructuring and other changes in the relationship between ITV and STV, the Channel 3 franchises owned by ITV plc could now be considered ITV owned-and-operated stations, with STV being comparable to an affiliate. From 1982 to 2010, a somewhat comparable situation existed for the fourth channel allocation, with Channel