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OECD Development Co-operation Peer Reviews: Korea 2018

image of OECD Development Co-operation Peer Reviews: Korea 2018

Korea is often cited as a leading example of how sound economic policies can drive growth and development, blazing a trail from poverty to advanced industrialisation throughout the 1970s and 1980s. Building on its reputation as a development success, Korea now plays a highly valued role on the global stage, sharing its knowledge with others and helping to bridge the divide between developing and developed country interests. Among other issues, this review looks at how Korea shares its own impressive development experience with others and how it is dealing with key challenges in co-ordinating grants and loans across government. It also explores how Korea is expanding its aid programme to work on new priorities such as assistance to fragile and crisis-affected countries.

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Korea's global efforts for sustainable development

Building on its reputation as a development success story, Korea uses its role as a leading middle-sized power to build bridges between rich and poor countries in a range of global fora, achieving influence beyond its size. Increasingly, Korea is also demonstrating commitment to addressing the global public “goods” and “bads” that are key to achieving the Sustainable Development Goals. However, there is a tension between its role on the global stage and implementation efforts at home.

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