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 television stations in the United States amidst speculation that The Walt Disney Company might spin off ABC; both stations retained their ABC affiliations (SJL then flipped the stations to Gray Television, at a significant profit, in July 2014). When the sale was completed, KFSN in Fresno (at the time ranked as the 55th largest media market) would then become the smallest English-language owned-and-operated major network station by market size (not counting satellites and semi-satellites). The sale was completed on April 1, 2011. The Disney spin-off of ABC has never occurred, mainly due to insider trading allegations that scuttled the deal. In 1987, Fox purchased its Boston