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
Marriage in South Korea were retained by their mother and her family. Marriage in South Korea Marriage in South Korea mirrors many of the practices and expectations of marriages in familiar to other societies, and as such, is constantly changing. Marriage in South Korea is currently restricted to unions between individuals of the opposite sex as same-sex marriages remain unrecognized. Males over 18 and females over 16 years old may marry with their parents' or guardians' consent, Otherwise South Korea's age of consent to marriage is 20. 20 years of age is also the age of consent for sexual activity. These age limits refer