HLF-4 will be held for the fourth time in Busan followed by the previous three forums which were held in 2003 Rome, in 2005 Paris and in 2008 Accra and the first country to become the donor country from the beneficiary country.
Since the end of the Korean War, when its per capita national income was only $67, Korea has achieved tremendous development with the help of the foreign aid to become the top 10 largest economy in the world. Last Year, Korea became the 24th member of the Development Assistance Committee(DAC), the subordinate body of the the Organization for Economic Cooperation and Development(OECD), becoming the donor country to aid other nations.
Particulary, with the help of the foreign aid, Busan developed as the international city being the world's top 5 port city, where HIL-4 will be held. After the Korean War, Busan was the city unloading the foreign aid goods, but now it became the world's top 5 port city, which gives symbolic meaning to the recipient countries.
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