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 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