Democratic Republican Party (South Korea) combination of state and corporate chaebol power pioneered by the party continues to be deeply built into the foundations of the South Korean economic system. Following the promulgation in October 1972 of the Yushin Constitution, which implemented numerous authoritarian centralizing measures such as the direct appointment of a third of the National Assembly by the President, the DRP assumed an unprecedented level of political power. For the next eight years, South Korea was essentially a one-party state ruled by the DRP. After Park's assassination on 26 October 1979 and the seizure of power by Chun Doo-hwan in the coup d'état
Chaebol Investigations also exposed widespread corruption in the chaebol, particularly fraudulent accounting and bribery. Still, South Korea recovered quickly from the crisis, and most of the blame for economic problems was shifted to the IMF. The remaining chaebol have grown substantially since the crisis, but they have maintained far lower debt levels. In 2014, the largest chaebol, Samsung, composed about 17% of the South Korean economy and held roughly US$17 billion in cash. However, recent financial statements of these chaebols actually show that chaebols are slowly losing power over either international competition or internal disruptions from newly emerging startups. Net profit/income