http://www.kanai.net/weblog/archive/2007/01/26/00h53m55s
Why was SEED developed in the first place?
South Korean legislation did not allow 40 bit encryption for
online transactions (and Bill Clinton did not allow for the
export of 128 bit encryption until December 1999) and the
demand for 128 bit encryption was so great that the South
Korean government funded (via the Korean Information
Security Agency) a block cipher called SEED.