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 alliance between the United States and Japan. Korea and Japan have had difficult relations since ancient times, but also significant cultural exchange, with Korea acting as the gateway between Asia and Japan. Contemporary perceptions of Japan are still largely defined by Japan's 35 year colonization of Korea in the 20th century, which is generally regarded in South Korea as having been very negative. Japan is today South Korea's third largest trading partner, with 12% ($46 billion) of exports in 2016. There were no formal diplomatic ties between South Korea and Japan directly after independence the end of World War II