The World Bank Group (WBG) has published a series of blogs, the Korea Innovation 2020 Learning Series, on its Open Learning Campus. The series promotes innovation and technology for development and seeks to create new opportunities for partnerships and collaborations in five areas: (a) digital economy and 5G, (b) smart cities, (c) green innovations, (d) education and skills for the future workplace, and (e) promotion of innovation and entrepreneurship.


Please refer to the website to learn more about Korea’s innovation and smart development.
https://olc.worldbank.org/content/korea-innovation-2020-learning-series

Korea is one of the rare examples of a country that has successfully transformed from a low-skilled, labor-intensive economy to a high-skilled and knowledge & technology-intensive economy in recent years.

As a global leader in innovation and technology, Korea ranks high in various international comparative indices such as the Global Innovation Index, ICT Development Index, and e-Government Development Index. Korea toped as the most innovative country in the 2019 Bloomberg Innovation Index. As a result, Korea is a much sought-after development model for developing countries.

Also, promoting an innovative and creative economy has been a longstanding priority for Korea. Once known as an assembly manufacturer and producer of wigs and sneakers, the country is now known for high-tech homegrown companies such as Samsung, SK, Hyundai, etc.

From promoting innovative approaches to sharing its experiences with governments around the world, Korea continues to make valuable contributions to international development.

(Source: World Bank)