The major corporations and financial industry are thought to be the cause of growth in exports and also the danger of the IMF. The realities of the ‘97 Asian Financial Crisis and the IMF bailout are looked into in detail.

In 1973, Korean Broadcasting System(KBS), which at the time had been a subdivision of Ministry of Culture and Public Information, was reborn as an independent public broadcasting company. Or so it seemed. The network was mostly filled with ‘uptight’ programs aimed to ‘enlighten’ the people ‘in accordance with’ the government’s ideology.

In the 1980s, the Korean music industry had a pattern of squeezing musicians, when selling records and distributing profits without proper regulation. In spite of this environment, the pioneering musicians who wanted new sounds and performances, gave birth to the first generation of electronic music and hip-hop through their efforts.

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