Foreign relations of South Korea
On January 18, 1952 The first president of South Korea Syngman Rhee declared that the vicinity of Dokdo was a territory of South Korea (Syngman Rhee line). Subsequently, some 3,000 Japanese fishermen who conducted fishery operations in this vicinity were captured. This incident, called the Dai Ichi Daihoumaru Ship case strained relations between South Korea and Japan.
History of South Korea
In February 1998, Kim Dae-jung was officially inaugurated. South Korea had maintained its commitment to democratize its political processes and this was the first transfer of the government between parties by peaceful means. Kim's government faced the daunting task of overcoming the economic crisis, but with the joint efforts of the government's aggressive pursuit of foreign investment, cooperation from the industrial sector, and the citizen's gold-collecting campaign, the country was able to come out of the crisis in a relatively short period of time.