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
Sexuality in South Korea revealing clothes. The Miryang gang rape incident in 2004 provoked controversy due to victim blaming and other mistreatment by police officials. This mistreatment ultimately led to a 2008 judgment against the police by the Supreme Court of South Korea. There are rape crisis centers available, run by the Ministry of Gender Equality and Family and the Korea Sexual Violence Relief Center. Prostitution in South Korea is illegal, but according to The Korea Women's Development Institute, the sex trade in Korea was estimated to amount to 14 trillion South Korean won ($13 billion) in 2007, roughly 1.6 percent of the nation's