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
1985 in South Korea were briefly reunited. Economy Unemployment rate was kept around 4%. Construction for the upcoming Olympics contributed to a sagging economy. Hyundai motor cars were selling well but catering to a low-priced market. South Korean shipbuilding and overseas construction suffered. The Kukje Group, South Korea’s seventh largest conglomerate, which operated the largest single footwear factory in the world, collapsed. The government had a target of 7.5% growth in GDP but had to scale that down to 5%. South Korea had an accumulative foreign debt of around $45 billion, most of which was owed to Japan. 1985 in South Korea Events from