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History of Korea’s ODA

As a recipient country, Korea received ODA from foreign countries total amount of 12 billion USD. Ranging from emergency relief to structural readjustment programs, ODA significantly contributed to Korea’s economic and social development.

After the Korean War (1950~1953), ODA was the only source of capital, since the Korean economy had been almost devastated by the war. Much of the assistance in 1950s was focused on military support and humanitarian relief. Food aid and provision of daily necessities were also provided to meet the basic human needs. In the 1960s “growth” and “foreign investment” replaced “humanitarian relief” and “reconstruction” of war-torn country as Korea dramatically transformed its economic structure. Whereas ODA in the prev