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
Chaebol is recognized in South Korea as Liberation Day. This is when the president forgives the chairmen for their infractions in order to ensure they remain in power of their companies. In the rare case that an executive is sentenced to prison, as the CEOs of SK and CJ group were, it is typically a relatively light punishment of up to 4 years depending on the charge. Collusion between members of the chaebol and the government granted preferential statuses to the companies. The chaebol would funnel bribes to politicians and bureaucrats through slush funds and illegal donations. This could help maintain