[Lee Byung-jong] World Bank and Korea

For decades, South Korea has stood as the poster child of the World Bank Group’s development success story. World Bank loans played a meaningful role in Korea’s transformation from one of the world’s poorest countries into an industrial powerhouse within a single generation. As the now 81-year-old institution faces mounting challenges in a rapidly changing global development finance market, it continues to invoke Korea as proof of its legitimacy and enduring relevance. The latest example came ea