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 than riskier debt. This is because the new transparency laws and restructuring boosted investor confidence from abroad. Laws were passed to limit the expansion of chaebol: Formally, the Korea Fair Trade Commission (KFTC; 공정거래위원회;公正去來委員會) announces a limited chaebol list every year as size of industrial assets (not including financial companies). Chaebol with limited assurance (상호출자제한기업집단;相互出資制限企業集團) The following charts list chaebol in order by different categories. Chaebol A chaebol (; ) is a large industrial conglomerate that is run and controlled by an owner or family in South Korea. A chaebol often consists of a large number of diversified affiliates, controlled