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Contemporary history

In June 2000, as part of President Kim Dae-jung's " Sunshine Policy " of engagement, a North–South summit took place in Pyongyang, the capital of North Korea. Later that year, Kim received the Nobel Peace Prize "for his work for democracy and human rights in South Korea and in East Asia in general, and for peace and reconciliation with North Korea in particular". However, because of discontent among the population for fruitless approaches to the North under the previous administrations and, amid North Korean provocations, a conservative government was elected in 2007 led by President Lee Myung-bak, former mayor of Seoul. Meanwhile, South Korea and Japan jointly co-hosted the 2002 FIFA World Cup. However, South Korean and Japanese relations later soured because of conflicting claims of sovereignty over the Liancourt Rocks.

In 2010, there was an escalation in attacks by North Korea. In March 2010 the South Korean warship ROKS Cheonan was sunk killing 46 South Korean sailors, allegedly by a North Korean submarine. In November 2010 Yeonpyeong Island was attacked by a significant North Korean artillery barrage, with 4 people dying. The lack of a strong response to these attacks from both South Korea and the international community (the official UN report declined to explicitly name North Korea as the perpetrator for the Cheonan sinking) caused significant anger with the South Korean public.

South Korea saw another milestone in 2012 with the first ever female President Park Geun-hye elected and assuming office. The daughter of former President Park Chung Hee, she carried on a conservative brand of politics. President Park Geun-hye's administration was formally accused of corruption, bribery, and influence-peddling for the involvement of close friend Choi Soon-sil in state affairs. There followed a series of massive public demonstrations from November 2016, and she was removed from office. After the fallout of Park's impeachment and dismissal, elections were held and Moon Jae-in of the Democratic Party won the presidency, assuming office on May 10, 2017. His tenure saw an improving political relationship with North Korea, some increasing divergence in the military alliance with the United States, and the successful hosting of the Winter Olympics in Pyeongchang. In April 2018, Park Geun-hye was sentenced to 24 years in jail because of abuse of power and corruption. The COVID-19 pandemic has affected the nation since 2020. That same year, South Korea recorded more deaths than births, resulting in a population decline for the first time on record.

In March 2022, Yoon Suk Yeol, the candidate of conservative opposition People Power Party, won a close election over the Democratic Party candidate by the narrowest margin ever. Yoon was sworn in on May 10, 2022.