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Window to Korea’s Development Experiences

Development Overview/ Overview of Korea's development experience

Growth of the Manufacturing Sector// Is the 1960’s, the manufactufacturing sector started to play a leading role in Korea’s economic growth,
and between 1960 and 1970, Korea enjoyed an annual growth rate of 17 percent.

Rural Community Development// As part of a rural community development project, the Saemaul Movement significantly imporved
rural living conditions in such areas as roads, housing, water supply, sewage and irrigation.

Vocational Training and Education// Vocational training and education programs produced skilled manpower
required for industrialization.

Promoting Heavy and Chemical Industry// In the 1970s, the HCI (heavy and chemical industry) drive contributed
to forming the foundation of key industries that currently support the Korean economy.

Building Infrastructure// The successful completion of the first three Five-Year Plans (1962-1976)
led to the development of alternative transportation means, including expressways.

International Sports Events// Holding the Olympic Games stimulated 7 billion US dollars of production
and 2.7 billion US dollars of national income from 1981 to 1988.

Financial Sector Reform// Financial sector reform normalized the financial system and
rebuilt the financial safety net to prevent future crisis.

Technology Development// From the early 2000s, technological development was made possible by domestic R&D
activities and imports of capital goods that embody advanced technologies.

Themes/ One stop reference

Teacher Policy in Korea

Even though teaching was highly respected in the traditional Korean context, securing talented an...
Public-Private Partnership

Korea actively promoted private sector participation in infrastructure development for two reasons..
Vocational Education and Training

Vocational education and training (VET) has been regarded as a prerequisite for a country to succ...
Educational Development of Health Professionals

Korea’s medical advancement was initiated by projects for the educational development of health p...
Bus System Reform in Korea

Korea drastically reformed its bus transport system in early 2000s for recovering its original pu...
Reforestation

Until late 1950s, 58% of the mountains in Korea were bald, while 11% of the land was barren like ...
Civil Service Training: Nurturing the Driving Force of Economic Development in Korea

Korea established and maintained a well-designed training system for government officials that in...

Statistics/ Key development data for Korea

Household Credit

Consumer or Household Credit tracks the outstanding amount ...

Consumer or Household Credit tracks the outstanding amount of credit (or loans) used by consumers to finance purchases of goods or services.
BOK Key Rate

The specific interest rate that determines bank lending rates ...

The specific interest rate that determines bank lending rates and the cost of credit for borrowers.
Mining Production Index

Industrial production refers to the output of industrial ...

Industrial production refers to the output of industrial establishments and covers sectors such as mining, manufacturing and public utilities (electricity, gas and water).

Featured/ Featured Korea's development experience content

KSP/ Knowledge Sharing Program

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Capacity Building Workshops

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Consulting Program

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Impact Evaluation

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Development Cases

Events

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