Miracle on the Han River brief compared to other countries who experienced similar situations. Chaebol refers to corporate groups in South Korea, mainly run by families, that exercise monopolist or oligopolist control over product lines and industries. They can be compared with conglomerates of the United States and the Zaibatsu of Japan. Sometimes the Korean military itself is considered a chaebol. During the industrialization period of South Korea, President Park Chung-hee supported the rise of chaebol groups, facilitating the growth of these groups in order to trigger economic growth. Inside the operations of chaebol groups, there are many branches that family members control and operate.
South Korea by the United States military in South Korea in response to North Korean missile tests has been protested strongly by the Chinese government, concerned that the technologically advanced missile defence could be used more broadly against China. Relations between the governments have cooled in response, with South Korean commercial and cultural interests in China having been targeted, and Chinese tourism to South Korea having been curtailed. The situation was largely resolved by South Korea making significant military concessions to China in exchange for THAAD, including not deploying any more anti-ballistic missile systems in South Korea and not participating in an