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
Nickelodeon (South Korea) Nickelodeon (South Korea) Nickelodeon ( Nick) is a South Korean television channel aimed at children and teens. It is the South Korean version of American Nickelodeon. The channel is currently owned by SBS Viacom, a joint venture of SBS Medianet and Viacom International Media Networks. In South Korea, some of original series from Nickelodeon, like "Rugrats", "Rocket Power", "The Wild Thornberrys", "SpongeBob SquarePants" and "Dora the Explorer", were shown on what is now EBS1 (operated by public-service broadcaster EBS). "" was broadcast on MBC. A localisation of Nick Jr.'s "Blue's Clues" was shown on KBS2 (of public-sector broadcaster KBS). The