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.
Multicultural family in South Korea marriage families who come to Korea after growing in one of their parents country in adolescence. In other words, Immigrant youth is school age teenagers who have foreign nationality, and children who settle down to Korea in the middle of growing in their mother country. They are different with children of multicultural family who have Korean nationality, and who learn and use Korean language since birth in aspects of nationality. In perspective of law of multicultural family, immigrant youth is just ‘foreigner’, so that immigrant youth cannot be subject to the law about multicultural family. The number of children of