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> Transition from an aid recipient to a donor
Transition from an aid recipient to a donor
Korea has successfully managed to make the transition from a recipient of services to a donor country.
Despite economic poverty in the 1960s, Korea has achieved an incredible record of growth to become a major economic powerhouse today (Ranked 11th in the world by nominal GDP in 2015, IMF)
Economic development of Korea
GNI(Gross National Income) per capita
the total domestic and foreign output claimed by residents of a country
<Source: Economy Statistics System>
From a recipient to a donor
· 1945~1999, received around 127 billion US dollars
· 1995, removed from the World Bank's list of recipient nations
· 2008, exceeded 1_trillion KRW for Economic Development Cooperation Fund
· 2009, joined the OECD/DAC(Development Assistance Committee)
Cases of ODA(Official Development Assistance) supported by Korea
Solar Power Station
A new embankment off
the Mekong River in Laos
Recovery from typhoon
Haiyan in the Philippines
<Source : www.odaKorea.go.kr>
Education has been a key factor in Korea's rapid economic growth over the past four decades.
We hope to share information about education possibilities in Korea through the Korean government’s "Study in Korea Project".