The article gives the overview of the growth and development of Republic of Korea (South Korea) after its independence in 1948. South Korea, one of the four Asian Tigers which are growing in a rapid rate is the hub for doing business. The speed and scope of South Korea’s development in recent years have been as impressive as its economic development in previous decades. Since the transition to democracy occurred, with the belated arrival of political liberalisation and a return to direct presidential elections in 1987.The investments started flowing into the country in the form of FDI and FPI from many developed countries. This was what exactly happened in the other three little dragons as well. All the four countries had a necessity to be together, trade with each other, get raw materials, and export finished goods from one country to another. All parts of the world were trying to become self sufficient by signing treaties like NAFTA and other free trade agreements. The four nations still relying on China, had to make deals and agreements on their own so that their economy will also prosper just like the other North American and European counties .South Korea, after liberating from mainland Korea it decided to reduce the reliance on China and start developing on its own with the help of the other three Asian dragons and made many agreements, treaties, free trade agreements with Singapore, Hong Kong and Taiwan as well. The article is a small research on the current trade relations of South Korea and the other three Asian Dragons and the impact of it on South Korea.