Root shell on a MStar based UMC TV (Sharp LC-24CFG6132EM)

Not being happy with a few things on my Sharp LC-24CFG6132EM smart TV, I decided to dig deeper, hoping to find ways to reconfigure some settings. While I not achieved that goal yet, I at least managed to gain root access to the Linux running on the TV. Since the TV set is based on a MStar product, I suspect that my procedure will work for any MStar based TV, at least those manufactured by UMC, which for Europe own the brands of Sharp and Blaupunkt. So here I document the procedure.