who are not engaged in activities yielding earned income are eligible to be covered under the 'early old-age pension' scheme. Around 60% of all Korean elders, age 65 and over are entitled to a 5% benefit of their past average income at an average of 90,000 Korean Won (KRW). Basic old-age pension schemes covered individuals 65 years of age who earned below an amount set by presidential order. In 2010, that ceiling was 700,000 KRW for a single individual and 1,120,000 for a couple, equivalent to around $600.00 and $960.00. Science and technology Scientific and technological development in South Korea at first did not occur largely because of more pressing matters such as the division of Korea and the Korean War that occurred right after its independence. It was not until the 1960s under the dictatorship of Park Chung-hee where South Korea's economy rapidly grew from industrialization 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 for watching Digital Multimedia Broadcasting (DMB) or viewing websites. Over one million DMB phones have been sold and the three major wireless communications providers SK Telecom, KT, and LG U+ provide coverage in all major cities and other areas. South Korea has the fastest Internet download speeds in the world, with an average download speed of 25.3 Mbit/s. South Korea leads the OECD in graduates in science and engineering. From 2014 to 2019, the country ranked first among the most innovative countries in the Bloomberg Innovation Index. It was ranked 5th in the Global Innovation Index 2022, up from 10th in 2020 and 11st in 2019. Additionally, South Korea today is known as a Launchpad of a mature mobile market, where developers can reap benefits of a market where very few technology constraints exist. There is a growing trend of inventions of new types of media or apps, utilizing the 4G and 5G internet infrastructure in South Korea. South Korea has today the infrastructures to meet a