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
Filipinos in South Korea not directly reflect higher satisfaction with life, nor improved gender norms in South Korea. Most immigrants were working out of necessity, mostly for financial reasons, while their quality of work did not improve their quality of life. Among the population of marriage migrants and naturalized citizens, 71.4% knew or heard of multi-cultural family support centers and 46.2% got practical help, such as education or support from the centers. As the percentage of people using immigrant support centers has increased, the government has assumed that the roles of these centers and government supports were significant in bringing about positive changes. Whereas