South Korea first joined the World Bank Group as a member in 1955.[1] Over the years, South Korea manages to develop its economy in a successful and positive manner. The country now is a financial contributor to the World Bank to help other, rather than an aid recipient in the old days. Under the help and cooperation with the World Bank, South Korea became a rapid growth country in economy begin in the 1970s, and it now became a large shareholder of the institution to help out other developing countries.
^"The World Bank in South Korea". The World Bank. Apr 19, 2018. Retrieved Dec 2, 2019.
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