•Developmental state is defined the role of government as the initiator and also facilitator of the state’s economic activity. The role of government consist of looking for the funds,developing the policy, and infestation.•basic autonomous figures: bureaucratic stateautonomous which has the capacity for directingthe social changing, include its values.Developmental state gives the possibility for thebureaucratic to cooperate with the businessclass in state’s economic projects.
•Korean Central Intelligent Agency (KCIA) asintelligent body and also has the power tocontrol labor movement.•Economic Planning Board (EPB) has rightsto control country’s domestic affairs, Bank of Korea, and also other private banks.*Both institution look alike
•Financial Supervisory Commission (FSC) andFinancial Supervisory System (FSS) assupervisor body.•Fair Trade Commission (FTC) as supervisor institution commanding to look forward tomonetary system and transactions amongcorporations.•Tripartite Commission (labor-business-government)*All these institutions lie under MOFE (Ministry of Finance and Economy)