• After World War II, Japanese occupation ends with Soviet troops occupying area in the north and US troops in the South.

  • The Republic of Korea is proclaimed.
  • The South declares from the North, prompting an invasion from North Korea. 

  • An armistice is reached, ending the Korean War, which had cost two million lives.

  • South Korea is admitted into the Organization for Economic Cooperation and Development.

  • The United States and South Korea agree on a free-trade deal, however, the U.S. congress ratifies the agreement in 2011. 

  • The South Korean government announces a $130 billion package aimed at stabilizing market during the global financial crisis. 

  • South Korea breaks off all trade with the North after naval ship Cheonan was sunk by a North Korean torpedo in March. 

  • North and South Korea reopen Kaesong joint industrial complex and hotline. 


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