Whats the implication of Koreas entry into the OECD Development Assistance Committee?
It means that Korea has changed its clothes and become an international benefactor from being an aid recipient. Korea was one of the world’s 50 poorest countries only half a century ago. Back then, Korea was offered large sums of assistance from the international community, with which it achieved a brilliant economic growth. Korea’s entry is a monumental success story for Korea and the Development Assistance Committee at the same time. The achievement is something to be celebrated and be proud of. Q: Already 10 years have passed since Korea entered the OECD and the country is the world’s 13th largest economy now. Many have pointed out that Korea is less than generous in giving in that sense. Weren’t there any objections to Korea’s entry into the committee? A: Those worries could have existed inside Korea, but I have never heard of them outside the country. There were no countries objecting to Korea’s entry, either. As I said Korea was an aid recipient until a short time ago. Indeed, Ko
