Abstract: The author of this article examines the situation with the Liancort rocks and describes the history of the development of this territorial dispute, reasons and arguments that are provided by the parties to prove the affiliation of these islands to their territory. The author focuses on the position of Russia on this issue providing that Russia's territorial dispute with Japan about the Kuril Islands is a uniting factor for Russia and the Republic of Korea. The object of the research is the territorial dispute around the Liancourt Rocks. The subject of the research is possible prospects for the cooperation between the Russian Federation and Republic of Korea for dispute resolution. The methodological basis of the research is the principle of historicism that allows to view the problem from the point of view of its dynamics and development and establish the connection between the past and the future. Based on the research results, the author makes the following conclusions: today the question about territorial affiliation of the Liancourt Rocks is still left unanswered, however, there are certain prospects for the cooperation between the Russian Federation and Republic of Korea in order to difuse a conflict, for example, the countries may initiate negotiations in other fields.