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 marriage families who come to Korea after growing in one of their parents country in adolescence. In other words, Immigrant youth is school age teenagers who have foreign nationality, and children who settle down to Korea in the middle of growing in their mother country. They are different with children of multicultural family who have Korean nationality, and who learn and use Korean language since birth in aspects of nationality. In perspective of law of multicultural family, immigrant youth is just ‘foreigner’, so that immigrant youth cannot be subject to the law about multicultural family. The number of children of