Through properly designed development strategies and effective use of foreign assistance, South Korea has grown into the world's 11th largest economy and is a leading producer of ships, steel, automobiles, and semiconductors.

These items are supplied to several important institutions such as the Bank of Korea, the Ministry of the Interior and Safety, major corporations, and leading universities. In the early days of the Internet in South Korea, domestic Internet traffic had to go via overseas Internet exchange Points.
The 1980s and 1990s marked an era of democratization and economic prosperity in South Korea, partly due to the "education fever". Founded in 1966, it was the first multi-disciplinary scientific research institute in Korea and has contributed significantly to the economic development of the country, particularly during the years of accelerated growth in the 1970s and 1980s.
It has a research staff of over 1,800 research scientists, visiting scientists, fellows and trainees, and foreign scientists involved in basic research in various fields of science and technology. Korea Maritime & Ocean University is South Korea's most prestigious national university for maritime study, transportation science and engineering.
Many believed that South Korea's first-hand experiences could be of great help in assisting other developing countries.

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