In Greek mythology Korkyra was the daughter of the Asopos

Asopus

Asopus or Asôpos is the name of four different rivers in Greece and one in Turkey. In Greek mythology, it was the name of the gods of those rivers.-The rivers in Greece:...

 river and the nymph Metope

Metope (mythology)

In Greek mythology, Metope was a river nymph, the daughter of the river Ladon. Her waters were near the town of Stymphalus in the Peloponnesus...

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According to myth Poseidon fell in love with the beautiful nymph

Nymph

A nymph in Greek mythology is a female minor nature deity typically associated with a particular location or landform. Different from gods, nymphs are generally regarded as divine spirits who animate nature, and are usually depicted as beautiful, young nubile maidens who love to dance and sing;...

 Korkyra, kidnapped her and brought her to a hitherto unnamed island and offered her name to the place: Korkyra or modern Kerkyra (Corfu

Corfu

Corfu is a Greek island in the Ionian Sea. It is the second largest of the Ionian Islands, and, including its small satellite islands, forms the edge of the northwestern frontier of Greece. The island is part of the Corfu regional unit, and is administered as a single municipality. The...

). Together they had a child Phaiax after whom the inhabitants of the island, Phaiakes, were named; their name was later transliterated in Latinate orthography to Phaeacians.