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
Climate change in South Korea of flooding, typhoon or hurricane intensity results in steady increase of number of large scale natural disaster, and damage for those. South Korea is not an exception. Especially, damage for flooding and typhoon is significant. Climate change in South Korea. Especially, damage for flooding and typhoon is significant. Despite of the increasing threat, the vulnerability to natural disaster, especially typhoon, has been decreased possibly due to multiple factors, such as, improved disaster prevention, changed building codes, industrial structures, and land use. Environmental geographers argue that there is no such thing as a natural disaster. In every part of a disaster,