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
Multicultural family in South Korea multicultural family is 207,693 in 2015. The number of children who under 6 years old are 110,000, and it takes 60%. The number of school age teenagers who must be educated at elementary, middle, high schools is increased about 7,000~10,000 every year, as well as infancy. The number of children of multicultural family who are born in Korea is 83%. But the number of immigrant children, that parents come to work on business and get Korean nationality and bring their children later, tended to increase as well as multicultural family that be formed with marriage. multicultural family supporting law established