Chaebol General Motors and Renault. The chaebol debts were not only to state industrial banks but also to independent banks and their own financial services subsidiaries. The scale of the loan defaults meant that banks could neither foreclose nor write off bad loans without themselves collapsing, so the failure to service these debts quickly caused a systemic banking crisis, and South Korea turned to the IMF for assistance. The most spectacular example came in mid-1999, with the collapse of the Daewoo Group, which had some US$80 billion in unpaid debt. At the time, it was the largest corporate bankruptcy in history.
Owned-and-operated television stations in the United States of the major broadcast networks; in that case W41BN is now WRGX-LD, the market's NBC affiliate under the ownership of Gray Television. Several other translator stations have been taken off-the-air completely as TBN's distribution has become concentrated on pay television and IPTV distribution, due to the prohibitive costs of upgrading the entire network's translator system to digital. Owned-and-operated television stations in the United States In the United States, owned-and-operated television stations (frequently abbreviated as "O&Os") constitute only a portion of their parent television networks' station bodies, due to ownership limits imposed by the Federal Communications Commission (FCC). Currently, the total