Faced with the challenge of establishing scientifically-sound economic policies in the 1970s, the Korea Development Institute (KDI) was established in March 1971 by the government to provide in-depth and practical analysis for the development of appropriate economic policies in Korea. As the first social science think tank in South Korea, KDI was tasked with designing the nation's economy towards prosperity.
Starting with a team of 12 economists, KDI quickly became a driving force behind the economic and social development of the nation. Over the past five decades, the Institute has expanded its research to encompass a broad range of fields including macroeconomics, finance, social security, labor, industry, trade, competition policy, and the North Korean economy. Its tireless efforts have resulted in significant contributions to the formulation of sound policies and the implementation of institutional reforms. KDI has evolved and adapted to meet the changing needs of our time, all while maintaining its commitment to promoting co-shared progress through activities such as economic education, government-funded project evaluation, PPP support, nurturing future global leaders, and sharing the Republic of Korea's development experiences.
The Korean society currently faces numerous challenges due to rapid changes in the internal and external environment. To overcome these challenges, a holistic solution is necessary that prioritizes quality of life, conflict resolution, and happiness, guided by values of innovation, inclusion, and fairness. A new theoretical and practical paradigm must be adopted to drive the necessary structural reforms.
KDI leads in advancing research excellence and creating innovative knowledge through interdisciplinary research. The Institute strives to improve policy efficiency and quality through global cooperation and is dedicated to supporting the development and prosperity of the Korean society. KDI plays a crucial role in shaping the nation's future and advancing progress towards a brighter and more prosperous future.
COPYRIGHT © 2018 KOREA DEVELOPMENT INSTITUTE ALL RIGHTS RESERVED.