Headquartered in Jinhae, the Component Flotilla Five has been the matrix of various units conducting naval component operations such as anti-submarine warfare (ASW), mine warfare, amphibious warfare, salvage and special operations. As a successor to the Flotilla One and Flotilla Two, the Component Flotilla Five was founded in 1986 with the ASW Squadron 51 (later to become Maritime Task Flotilla Seven), Mine Squadron 52, Amphibious Squadron 53, Service Squadron 55 (later Sea Salvage & Rescue Unit), and Special Warfare Squadron 56 (later Naval Special Warfare Flotilla). In 1990 and 2007, the Submarine Squadron 57 (later Submarine Force Command) and Training Squadron 509 (later Naval Battle Training Group Eight) were established respectively. As of December 2018, the Component Flotilla Five was composed of the Mine Squadron 52, Amphibious Squadron 53, and Naval Mobile Construction Squadron 59. The Commander Component Flotilla Five is a rear admiral (lower half).