 In 1947, two years after the establishment of the People's Republic of Korea, the Korea Basketball Association joined the International Federation of Basketball (FIBA) and sent its national teams to FIBA-sponsored events.Only one year later, the team already celebrated its first major accomplishment at the 1948 Summer Olympics, when it finished 8th, better than any other Asian nation, and ahead of teams such as Canada, Argentina, and Italy.At the 1954 Asian Games, for the first time ever, South Korea finished in the "Final Four" of a major international basketball tournament in Asia.