• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
NewslettersFortune Archives

Fortune Archives: Korea: The U.S. gets to work

Nicholas Gordon
By
Nicholas Gordon
Nicholas Gordon
Asia Editor
Down Arrow Button Icon
Nicholas Gordon
By
Nicholas Gordon
Nicholas Gordon
Asia Editor
Down Arrow Button Icon
April 13, 2025, 7:00 AM ET
Police break up an anti-US and anti-Russian protest in Seoul in 1947.
Police break up an anti-US and anti-Russian protest in Seoul in 1947.AFP/Getty Images

On April 4, South Korea’s constitutional court upheld the impeachment of President Yoon Suk Yeol, setting up new presidential elections in two months’ time. Yoon’s impeachment ends a political crisis sparked by the brief imposition of martial law in early December. 

Recommended Video

Yoon had blamed threats from Communist North Korea for his decision to impose martial law. Korea’s division into North and South has its roots in the period immediately after the Second World War, when Korea was freed from Japanese control and was occupied by uneasy allies—the Soviets and the Americans. 

In 1947, Fortune went to Korea to cover the U.S. occupation, which two years in wasn’t going particularly well. South Korea, the unsigned article explains, “found itself full of U.S. officers and officials who knew nothing of Korea acting as heads of government bureaus, as mayors of towns, as executives in ex-Japanese businesses, and as experts in fields ranging from art to education. It did not accept them happily.”

Three years before the Korean War was to break out, U.S. officials, led by the stubborn and fervently anti-Communist general John R. Hodge, tried to develop South Korea’s agrarian economy and build a new democratic government. (Fortune charitably described Hodge as “neither by experience nor by predilection a politician.”) 

Meanwhile, as Cold War tensions escalated, U.S. officials tried to set up their own zone in opposition to the Soviet-controlled, Communist regime north of latitude 38˚ N, or the 38th parallel. Different political groups in South Korea fought, sometimes violently, for control. 

Almost 80 years later, “the largely forgotten American occupation following World War II has profoundly shaped South Korean politics and society,” says Kornel Chang, a history professor at Rutgers University-Newark and author of A Fractured Liberation: Korea under U.S. Occupation. “U.S. policies spurred economic growth and set the stage for eventual democratization, but also bolstered authoritarian regimes in the name of stability, often at the expense of human rights.”

Indeed, Fortune observed in 1947, U.S. officials on the ground appeared to be flailing. “The U.S. Army has been generally skillful in adapting men to the U.S. Army; it has not been skillful in adapting them to the countries in which they serve,” the article notes.  

The following year, a frustrated and tired U.S. began to pull out of the country, leaving South Korea in the hands of Syngman Rhee, its first president, who turned more authoritarian in the years to come. 

The decisions made then continue to reverberate today—particularly in the wake of South Korea’s economic development and its more recent political crisis.

This is the web version of the Fortune Archives newsletter, which unearths the Fortune stories that have had a lasting impact on business and culture between 1930 and today. Subscribe to receive it for free in your inbox every Sunday morning.
About the Author
Nicholas Gordon
By Nicholas GordonAsia Editor
LinkedIn iconTwitter icon

Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Fortune’s coverage of Asian business and economics news.

See full bioRight Arrow Button Icon

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
1 day ago
placeholder alt text
Future of Work
Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'
By Marco Quiroz-GutierrezJanuary 31, 2026
1 day ago
placeholder alt text
Success
Ryan Serhant starts work at 4:30 a.m.—he says most people don’t achieve their dreams because ‘what they really want is just to be lazy’
By Preston ForeJanuary 31, 2026
1 day ago
placeholder alt text
Success
Alexis Ohanian walked out of the LSAT 20 minutes in, went to a Waffle House, and decided he was 'gonna invent a career.' He founded Reddit
By Preston ForeJanuary 31, 2026
1 day ago
placeholder alt text
Economy
Meet the first CEO of the IRS: A Jamie Dimon protege facing a $5 trillion test this tax season
By Shawn TullyJanuary 31, 2026
1 day ago
placeholder alt text
Startups & Venture
Silicon Valley legend Kleiner Perkins was written off. Then an unlikely VC showed up
By Allie GarfinkleJanuary 31, 2026
21 hours ago

Latest in Newsletters

NewslettersMPW Daily
The Netflix-Warner Bros. deal has Hollywood’s A-list scared for the future of movie theaters. The exec behind ‘The Housemaid’ says women are key to box office success
By Ellie AustinJanuary 30, 2026
2 days ago
Businesswoman holding futuristic glass tablet with 2026 year and AI interface. Concept of artificial intelligence, digital innovation, future planning, and smart global business strategy.
NewslettersCFO Daily
Tech CFOs face a new challenge: Selling unprecedented capex as ‘disciplined’
By Sheryl EstradaJanuary 30, 2026
2 days ago
Photo of Elon Musk
NewslettersTerm Sheet
$100 million-plus funding rounds used to be incredibly rare. Now, 40% of seed and Series A rounds are clearing that bar
By Allie GarfinkleJanuary 30, 2026
2 days ago
NewslettersFortune Tech
Apple delivers blowout earnings; gets bupkis
By Alexei OreskovicJanuary 30, 2026
2 days ago
NewslettersCEO Daily
Inside Starbucks CEO Brian Niccol’s nascent turnaround plan—and why it’s working
By Phil WahbaJanuary 30, 2026
2 days ago
NewslettersEye on AI
AI has made hacking cheap. That changes everything for business
By Sharon GoldmanJanuary 29, 2026
3 days ago