United Nations Korean Reconstruction Agency
Encyclopedia
The United Nations Korean Reconstruction Agency (UNKRA) was an economic reconstruction program created by the United Nations
to bolster war
devastated South Korea
. The proposal for the program was drafted by the United States
in 1950 after victory by United Nations forces appeared rapidly obtainable. On December 1, 1950, the General Assembly enacted the program. However, Chinese
entrance into the Korean War by October 1950 had dispelled the expectation of promptly beginning a rebuilding program. After an armistice was agreed to in 1953, reconstruction began and focused on aiding war refugees and homeless. Nearly USD
150 million was contributed to the program, a majority of funds were paid by South Korea's primary benefactor, the United States, although even developing nations such as Mexico
made contributions. The program closed in 1958 after no more funding was made available.
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
to bolster war
Korean War
The Korean War was a conventional war between South Korea, supported by the United Nations, and North Korea, supported by the People's Republic of China , with military material aid from the Soviet Union...
devastated South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. The proposal for the program was drafted by the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
in 1950 after victory by United Nations forces appeared rapidly obtainable. On December 1, 1950, the General Assembly enacted the program. However, Chinese
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
entrance into the Korean War by October 1950 had dispelled the expectation of promptly beginning a rebuilding program. After an armistice was agreed to in 1953, reconstruction began and focused on aiding war refugees and homeless. Nearly USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
150 million was contributed to the program, a majority of funds were paid by South Korea's primary benefactor, the United States, although even developing nations such as Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
made contributions. The program closed in 1958 after no more funding was made available.