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 value-neutral term 'international marriage children' or 'children of international marriage immigrants'. More recently, people began to use the term 'children of multicultural families'. First, there are children of international marriage immigrants. Those are a children who one of their parents have Korean nationality and another parent have foreign nationality. Second, there are children of foreign worker's families. Immigrant worker bring their children over Korea or birth their children in Korea. Most of them have their own country's nationality, live in Korea as foreign. They cannot receive support based on Multicultural families supporting policy. It is a service for multicultural family