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
Women in South Korea Women in South Korea Women in South Korea have experienced significant improvements for social changes in recent years, compared to previous times, when Confucianism was deeply imbued in the culture. In today's society, the economy of South Korea has tremendously improved due to urbanisation, industrialisation, military authoritarianism, democratic reform, and social liberalisation since the late 1960s. Thus, gender roles and gender identities eventually have been modified as a result to changing modernity. More than the half of Korean women are employed and furthermore, more than 25% of married women are employed as full-time workers. In politics, although there are not