[Herald Interview] World Bank, Korea mark 60 years of ties
Social affairsJun 3, 2015
At the end of the Korean War in 1953, Korea was a country in ruins with a per capita income of $70, worse off than some of Africa’s poorest nations. Over the next several decades, using foreign aid, Korea elevated its economy to the world’s 14th largest, pushing the frontiers of market and technology. The miraculous transformation of a once-ravaged country was aided in large part by the World Bank, which provided over $15 billion in development assistance to build Korea’s railways, rural towns a