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
Bangladesh–South Korea relations In South Korea, there are more than 13,000 Bangladeshi foreign workers in the country. A significant number of them are temporary immigrants. This has led to prejudice towards Bangladeshi expatriates, an issue recently tackled by the 2009 South Korean film "Bandhobi", directed by Sin Dong-il. Bangladesh–South Korea relations Bangladesh–South Korea relations Bangladesh is one of the many countries that has established diplomatic relationships with both the Koreas. Official diplomatic relations with the Democratic People's Republic of Korea (North Korea) was established in 1973. In 1974, South Korea opened its embassy in the capital Dhaka while her counterpart did so in