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
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