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 to adapt to Korea and to support economical self-reliance. But the number of them has been increased and some of them acquired Korea nationality. Third, children of North Korean refugee family called 'saeteomin' as a defector. They acquire Korea nationality through naturalization. They have cultural problem because South Korea and North Korea have been formed different culture after the division of Korea into north and south. "What kind of cultural problems? Examples please." Immigrant Youth is an adolescents who come to Korea after growing in their own country because of their parent's remarriage with Korean or a children of International