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African Development Bank (Abidjan)

South Korea's Rapid Development is an Inspiration to Africa

The rapid economic development in South Korea is an inspiration and a model to African economies, said African Development Bank President, Akinwumi Adesina, at the welcome reception of the 53rd Annual Meetings of the African Development Bank  in Busan, Korea. Speaking to the theme of the annual meetings, "Accelerating Africa's Industrialization," President Adesina observed that "thanks to the determination of its people and its commitment to industrialization, Korea is the 11th biggest economy in the world." Today, South Korea's K-pop, television are great export successes, attracting hundreds of thousands if not millions of fans around the world. More about AfDB in this BRIEFING