Chaebol played a key role in developing new industries, markets, and export production, helping make South Korea one of the Four Asian Tigers. Although South Korea's major industrial programs did not begin until the early 1960s, the origins of the country's entrepreneurial elite were found in the political economy of the 1950s. Very few Koreans had owned or managed larger corporations during the Japanese colonial period. After the departure of the Japanese in 1945, some Korean businessmen obtained the assets of some of the Japanese firms, a number of which grew into the chaebol of the 1990s. The companies, as well
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