South Korea is a bit different in some interesting ways. The South Korean economy is dominated by a small number of "chaebols", which are massive corporate conglomerates that tend to be owned and controlled by an oligarchic family. Samsung, for instance, is owned by the Lee family. These families also tend to have a ton of political influence. The government has, for decades, embraced an explicit policy of developing the chaebols via industrial policy. So, as you can imagine, you end up with a situation where the chaebols and their owners have lots of political power. Not exactly the kind of free market capitalism that someone like Milton Friedman would endorse, but it seems to be effective in its own way.
There's a flip side to South Korea's chaebol-centric economy, however. South Korea's national security situation is extremely dangerous, so in fact one of the reasons for the industrial policy has been to maintain a domestic defense industrial base so that they aren't dependent on arms imports from Western countries. Accordingly, most of the South Korean chaebols have a significant presence in the arms industry. In recent years, this sector has expanded, with South Korea becoming one of the world's leading arms exporters.
There's a flip side to South Korea's chaebol-centric economy, however. South Korea's national security situation is extremely dangerous, so in fact one of the reasons for the industrial policy has been to maintain a domestic defense industrial base so that they aren't dependent on arms imports from Western countries. Accordingly, most of the South Korean chaebols have a significant presence in the arms industry. In recent years, this sector has expanded, with South Korea becoming one of the world's leading arms exporters.