Chaebol played a key role in developing new industries, markets, and export production, helping make South Korea one of the Four Asian Tigers. Although South Korea's major industrial programs did not begin until the early 1960s, the origins of the country's entrepreneurial elite were found in the political economy of the 1950s. Very few Koreans had owned or managed larger corporations during the Japanese colonial period. After the departure of the Japanese in 1945, some Korean businessmen obtained the assets of some of the Japanese firms, a number of which grew into the chaebol of the 1990s. The companies, as well
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