Korea Development Institute

Early in its development, South Korea lacked home-grown research and policy expertise needed to support the country's economic development. To address this, the Korea Development Institute (KDI) was established in 1971 to conduct policy research and analysis on fundamental economic and social issues using scientific methods to support the nation's development efforts. It was the first of its kind in the republic's young history.

Korea Development Institute
TypeGovernment-run
Established1971
PresidentJoon-Kyung Kim
Address
Korea Development Institute, 15 (Bangok-dong, Korea Development Institute), Giljae-gil, Sejong-si 339-007, Korea
,
Sejong City
,
South Korea
AffiliationsPrime Minister's Office
Websitehttp://www.kdi.re.kr/
Korea Development Institute
Hangul
Hanja
韓國開發硏究院 / 케이디아이
Revised RomanizationHanguk Gae Bal Yeunguwon / Kridiai
McCune–ReischauerHan’guk kaebal yŏn’guwŏn / K‘eidiai

With financial assistance from the United States and the dedication of twelve aspiring Korean researchers, the institute made invaluable contributions in supporting Korea's early economic and social development by providing high quality and objective policy research and analysis.

For the past forty years, KDI has conducted research on a broad range of economic and social issues, from macroeconomics policy, fiscal policy, finance, welfare, labor, trade, competition policy, to the North Korean economy. To cope with the new challenges of a rapidly changing economy, the institute's role and responsibilities have expanded over the years, with the addition of the Economic Information and Education Center, the KDI School of Public Policy and Management, and the Public and Private Infrastructure Investment Management Center. The institute has also led Korea's efforts to take a greater role in the international development community, expanding its research and knowledge sharing activities and global footprint through the Center for International Development.

Major projects
  1. Research Projects, Research-related Projects, Research-supporting Projects
  2. Economic Education and Information Projects: Public-Private Partnership Projects, Public Investment Evaluation Projects, Specialized Projects Related to the Market Economy and Global Economy, Cooperation for International Development, Publication of the "60-year History of the Korean Economy" - Memoirs of veterans, G20-related Study, Project to Strengthen Capability for Real Estate Policy Study, OECD Korea Policy Center, Study for Korea's Economic Strategy in Response to Chancing Global Economic Conditions, Service Economy Study, High-school Economics Textbook Verification-related Study.

It is located near the Sejong National Research Complex, Korea Institute of Public Finance, Korea Legislation Research Institute, and Korea Research Institute for Human Settlements.

Research departments
  1. Department of Macroeconomic Policy
  2. Department of Financial Policy
  3. Department of Competition Policy
  4. Department of Human Resource Development Policy
  5. Department of Industry and Service Economy
  6. Department of Land and Infrastructure Policy
  7. Department of Public Finance and Social Policy
  8. Department of North Korean Economy

Task forces
  1. Global Economy Research TF
  2. Public Pension TF

Affiliated bodies
  1. Economic Information and Education Center (EIEC)
  2. Public and Private Infrastructure Investment Management Center (PIMAC)
  3. Center for International Development (CID)
  4. Center for Regulatory Studies
  5. KDI School of Public Policy and Management
  6. Center for Education and Training

KDI's history
  • 31 December 1970: Promulgation of Act establishing KDI (Law No.2247)
  • 11 March 1971: Establishment of KDI
  • 1982: Installation and operation of the International Development Exchange Program (IDEP)
  • 6 May 1982: Opening of the Korea Economic Institute (KEI) Washington D.C. Office in US
  • 15 November 1990: Launching of the North Korean Economic Research Center
  • 27 December 1991: Establishment of the Center for Economic Information
  • 9 March 1994: Launching of the Center for Legal and Economic Research
  • 5 December 1995: Act on KDI amended establishing KDI Graduate School (No.5047)
  • 5 December 1997: Opening of the KDI School of International Studies
  • 18 September 1998: 'Center for Economic Education', changed to 'Center for Economic Information and Education,' and moved to KDI
  • 6 November 1999: 'KDI School of International Studies' changed to 'KDI School of Public Policy & Management'
  • 6 January 2000: Establishment of the Public and Private Infrastructure Investment Management Center (PIMAC)
  • 27 January 2005: Integration of Private Infrastructure Investment Center of Korea (PICKO) with KDI to launch the Public and Private Infrastructure Investment Management Center (PIMAC)
  • 11 September 2009: Establishment of Center for International Development (CID)
  • 30 December 2012: Relocation to Sejong completed
  • 1 June 2014: Establishment of the Center for Regulatory Studies
  • 22 December 2014: KDI School of Public Policy and Management's relocation to Sejong completed

Major research activities
  • 1970s: "First Research Report: Opinion of the Corporate Liquidation", "Basic Plan for the Establishment of the 4th Five-Year Economic Development Plan", "A Study of Revised Agendas for the 5th Five-Year Economic Development Plan", "A Study of Relevant Agendas for the 6th Five-Year Economic and Social Development Plan", "The Economic and Social Modernization of the Republic of Korea", "Growth and Structural Transformation", "The Developmental Role of the Foreign Sector and Aid", "Public Finances During the Korean Modernization Process", "Financial Development in Korea", "Government, Business, and Entrepreneurship in Economic Development: The Korean Case", "Education and Development in Korea", "Economic Development, Population Policy, and Demographic Transition in the Republic of Korea", "Urbanization and Urban Problems", "Rural Development", "The Korean Economic 'Miracle' Yesterday, Today and Tomorrow", "Sources of Economic Growth in Korea", "Long-term Economic and Social Development, 1977-91", "Policy Documents on Economic Stabilization Measures (I)", "Policy Documents on Economic Stabilization Measures (II)", "Measure for Overcoming Economic Crisis", "Market Structure and Regulation of Monopolies and Oligopolies"
  • 1980s: "Improving the Management System of Government-invested Enterprises", "State of Tariff Policy and Ideas for Improvement", "Basic Issues in Industrial Policy and Ideas for Revising Support Measures", "National Pension Scheme: Basic Framework and Socioeconomic Impact"
  • 1990s: "Basic Vision for Developing Inter-Korean Economic Relations", "Implementation of the Real-Name Financial Transaction System", "Assessing the Impact of Instituting the Real-Name Financial Transaction System", "Major Points for Consideration in the Adoption of a Real-Name Financial Transaction System", "50 Years of Korean Economic Development: Assessment and Prospects for the 21st Century", "Comprehensive Measures to Overcome Economic Crisis and Promote Structural Reform"
  • 2000s: "Vision 2011: Open Society, Flexible Economy", "A Study on Improving the Management of Government-Controlled Institution", "Introducing the Medium-term Expenditure Framework", "Population Aging in Korea: Policy Issues and Reform Agenda (I)", "Population Aging in Korea: Policy Issues and Reform Agenda (II)", "Socio-Economic Impacts of Population Aging and Policy Issues (I)", "Socio-Economic Impacts of Population Aging and Policy Issues (II)", "The Comprehensive Study Toward Developing a Post-Retirement Income Security System (I)", "The Comprehensive Study Toward Developing a Post-Retirement Income Security System (II)", "Policy Task to Improve Service Industry Productivity", "Service Industry Targeting and Development of Performance Indicators", "Policy Agenda for Improving the Service Sector"
  • 2010s: "Restructuring the Korean Economy in the Post-crisis Era: Modernization of the Service Industry", 'Economic Growth in Low Income Countries: How the G20 Can Help to Raise and Sustain it", "G20 The Seoul Summit", "Toward the Consolidation of the G20", "Global Leadership in Transition", "Post Crisis Growth and Development", "In Search of New Paradigm in Housing Policy after the Global Financial Crisis(Volume I and II)", "Structural Changes and New Policy Directions(Volume I and II), "Paradigm Shift for the Virtuous Cycle of Growth and Employment(Volume I and II)"

Previous presidents
  • 1st Kim, Mahn Je (1971.03.11∼1982.01.19)
  • 2nd Kim, Ki-Hwan (1982.01.19~1983.10.15)
  • 3rd Ahn, Seung-Chul (1983.11.07~1986.10.17)
  • 4th Park, Yung-Chul (1986.10.17~1987.05.29)
  • 5th Koo, Bon-Ho (1987.06.03~1992.03.10)
  • 6th Song, Hee-Yhon (1992.03.11~1993.05.17)
  • 7th Whang, In Joung (1993.05.18~1995.03.10)
  • 8th Cha, Dong Se (1995.03.11~1998.03.10)
  • 9th Lee, Jin Soon (1998.03.11~2001.03.10)
  • 10th Kang, Bong Kyun (2001.03.11~2002.06.10)
  • 11th Kim, Choong Soo (2002.08.06~2005.08.07)
  • 12th Hyun, Jung Taik (2005.11.24~2009.03.20)
  • 13th-14th Hyun, Oh-Seok (2009.03.24~2013.03.22)
  • 15th Kim, Joon-Kyung (2013.05.13~Present)

References

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