In SFR Yugoslavia it was named Titova Korenica after Yugoslav leader Josip Broz Tito. The population consists of local ethnic Croats and Serbs, and there are also Croats from Bosnia who moved to Croatia after the Croatian War for Independence.
Korenica has one elementary school and one high school.
The 1712 census of Lika and Krbava records that 119 Vlach (i.e. Serb Orthodox Christian) families live in Korenica.[4]
When the German and Italian Zones of Influence were revised on 24 June 1942, Korenica fell in Zone II [hr], administered civilly by Croatia but militarily by Italy.[5]
Since records began in 1981, the highest temperature recorded at the local weather station was 40.2 °C (104.4 °F), on 2 August 2017.[7] The coldest temperature was −27.3 °C (−17.1 °F), on 13 January 2003.[8]
Site of the Monument to the fallen partisan soldiers and civilian victims of fascism during the National Liberation War (WWII) from the Lika region, in Bijeli Potoci (destroyed around 2008)[11]
Ruins of the Serbian Orthodox Church of the Holy Archangels Michael and Gabriel, destroyed in 1943