The government (conservative ruling party) has always supported big businesses, exports and real estate development.
Many Koreans have warned for decades that this was only enriching certain groups of people.
I know that the government dishes out money to big corporations, game companies, manufacturers and all sorts of business in the form of research or technical development, new product development grants. Yet, the government refuses to fund pre-school education.
I read an article today and it mentioned a very well written McKinsey report on Korea that explains the problems facing the Korean economy and the reasons.
Chosun Ilbo: Why Korea's Domestic Economy Is Crashing
