The Liancourt Rocks are a group of islands off of the coast of Japan and Korea that are currently administered by Korea. The ownership is disputed however, and both countries go through ridiculous efforts to claim that the islands are theirs. It has a huge deposit of natural gas in the waters surrounding it, but it is mostly deposited for nationalistic reasons and pride.

The Japanese have tried to settle the dispute by taking the case to the International Court of Justice (ICJ) 3 times, but the Koreans have refused it all 3 times, claiming that they have no reason to do so. North Koreans, although technically still at war with South Korea, support the South's claim.
The Liancourt Rocks are called Takeshima and Dokdo, respectively, by Japan and Korea.

Japan: Please get off our land.
Korea: STFU it's mine! Come with a military if you want it!
Japan: Fuck.

Rest of the world: What the flying fuck are the Lioncoot Roks?
by Banzit November 12, 2013
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Liancourt rocks are also called Dikdo.The islands themselves consist of two main islands and about 30 smaller rocks. A South Korean coastguard detachment has been stationed there since 1954.Dokdo was recognised by Japan as Korean territory in 1696, after a run-in between Korean and Japanese fishermen.
The island grouping was formally placed under the jurisdiction of Uldo county in 1900, it said, but annexed by Japan in 1905 ahead of its colonisation of the Korean peninsula.
Dokdo was rightly restored to Korea after World War II, it says. "Dokdo is an integral part of Korean territory historically, geographically and under international law,"
by a smart teacher June 23, 2017
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