South Korea under the dictatorship of Park Chung-hee where South Korea's economy rapidly grew from industrialisation and the Chaebol corporations such as Samsung and LG. Ever since the industrialization of South Korea's economy, South Korea has placed its focus on technology-based corporations, which has been supported by infrastructure developments by the government. South Korean corporations Samsung and LG were ranked first and third largest mobile phone companies in the world in the first quarter of 2012, respectively. An estimated 90% of South Koreans own a mobile phone. Aside from placing/receiving calls and text messaging, mobile phones in the country are widely used
Pension policy in South Korea receiving payment as an annuity. As the Korean government aimed for the rapid economic development, social welfare was not the primary task in the 1970s and 1980s Politicians relied on the Confucianism rooted society that the family should take care and support the old people In 2000, South Korea have remained the aging society status that the elderly population ratio is reaching 7 percent Kim's study explained that an aging status of the South Korea is more than 135 years than France and 68 years older than Germany Korea National Statistical Office estimated that the South Korea is expected to