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World Bank Group Korea : Connecting Innovation and Development (English)

The World Bank Group and the Republic of Korea have benefited from a strong partnership for more than sixty years. The World Bank Group Korea office opened in 2014 in Songdo to enhance partnership with Korea and to leverage Korea's successful development experience to support developing countries. The World Bank Group Korea office is expanding its Korean partnerships to help developing countries harness innovation and technology. Technology advancement is increasingly central to development work and to disrupting traditional development pathways. Korea transitioned to a high-income country by becoming a global leader in innovation and technology. Korea's success in harnessing technology for development makes it an ideal partner for the World Bank. To ensure that development is sustainable, the Korea office will continue to partner with the Korea green growth trust fund (KGGTF) to promote green innovations. The office aims to become a global center for promoting innovation and technology for sustainable development. The Korea office will work with Korean partners, global experts and the World Bank to prepare a major flagship report on Korea's development from a middle-income economy to a high-income one. The report will highlight how Korea successfully escaped the middle-income trap by harnessing innovation and technology and became a knowledge-intensive economy.

Details

  • Document Date

    2020/01/01

  • Document Type

    Working Paper

  • Report Number

    145879

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Korea, Republic of

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2020/02/10

  • Disclosure Status

    Disclosed

  • Doc Name

    World Bank Group Korea : Connecting Innovation and Development

  • Keywords

    land information system; technical assistance and advisory service; multilateral investment guarantee agency; Fragile and Conflict-Affected Situations; state-owned banks; industrial enterprise; Fragility, Conflict, and Violence; landfill site; capacity-building program; Public and Private Institution; legal and regulatory framework; access to financial service; capacity-building activity; environmental consultant; small and medium enterprise; Technical and Vocational Education; regulatory framework for energy; impact of government expenditure; information and communication technology; investment in energy efficiency; knowledge exchange; Solid Waste Management; industrial energy efficiency; foreign direct investment; vessel monitoring system; Natural Resource Management; financial sector development; conflict and violence; energy service companies; building energy efficiency; financial sector stability; Basel II; fresh water resource; partnership development; Land and Geospatial; consumer financial education; weak financial infrastructure; amount of knowledge; energy service company; asian financial crisis; coastal resource management; capital market development; political risk insurance; land tenure security; access to health; hydro power plant; timber forest product; river hydroelectric power; solar photovoltaic plant; internet of things; Supply Chain Development; security information; human capital development; Solar Home System; human resource development; Science and Technology; skill development program; disaster risk management; government bond market; spatial data infrastructure; managing climate change; asian bond market; interest rate liberalization; supply and installation; capacity of country; river hydropower plant; breach of contract; green growth; spatial information; Natural Resources; operational knowledge; best practice; land administration; big data; Job Creation; blended learning; grid system; research institution; research institutions; financing package; business model; digital technology; global partnership; development partner; site visits; Online Learning; digital economy; power utility; power utilities; finance industry; research training; banking sector; food insecurity; raise awareness; insurance supervision; payment system; need assessment; supervisory framework; new job; start-up company; senior loan; land policies; Investment priorities; land price; credit enhancement; regional hub; land valuation; complete implementation; land policy; investment priority; national e-government; smart cities; e-commerce policy; loan portfolio; management improvement; think tank; property right; Agrarian Reform; agricultural land; stakeholder engagement; long-term finance; financial system; evaluation system; financing need; small loan; insurance sector; social responsibility; delivery note; development cooperation; global offering; Research Organizations; technical expert; practical skill; public good; core service; early warning; investment opportunities; rural population; hydroelectric plant; pandemic preparedness; mobile application; support grant; ICT Innovation; development operation; base case; Higher Education; skill gap; targeted training; applied science; artificial intelligence; institutional memory; practice development; partner institution; government exchange; action planning; african universities; farming system; planning activity; global knowledge; first generation; million people; bankruptcy court; stolen assets; regulatory gap; positive impact; import bank; market success; financial inclusion; discussion topic; securities commission; financial regulator; garment manufacturer; institutional framework; crisis management; power shortage; south sudan; quantitative analysis; pilot activities; research study; effective approach; energy generation; foreign affair; bank resolution; energy source; insect farming; prevention approach; non-governmental organization; industry activity; transfer scheme

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Citation

World Bank Group Korea : Connecting Innovation and Development (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/970011581321009066/World-Bank-Group-Korea-Connecting-Innovation-and-Development