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
Youth unemployment in South Korea future employment and wages in the job market. The three universities Korean students aim for are Seoul National University, Korea University, and Yonsei University also known as S.K.Y. These universities provide the connection needed to be employed in government or in family-owned conglomerates (chaebols) that come with employee benefits. Before the Suneung begins, Korean parents prepare for years in their children's education by investing thousands of dollars in tutoring and private education. Around 100,000 hagwons (Korean cram/private schools) are in South Korea. In 2010, around 75% of students attended private education. In 2017, over 80% of all Korean students attended