Multiple naming conventions are used to refer to North Korean missiles, which can cause confusion. The North Koreans most often use the label Hwasong followed by a number to refer to a specific missile type. designations for North Korean missiles often use the “KN” prefix. For example, the KN-08 is referred to by North Korean as the Hwasong-13. Other missiles were named by western observers after towns near where the missiles were first test fired. The No Dong , Musudan (Hwasong 10) and Taepodong missiles fall within this convention.
The Bank’s work in Korea evolved to match the country’s changing needs. In the early years, the Bank focused on lending for agriculture, irrigation, rural development, small and medium industry, transportation such as roads, ports, and railways, regional and urban development, and education. Investment in agriculture increased substantially in the 1970s, and then declined in the 1980s as the economy shifted to a greater emphasis on industrial development. Priorities in educational investment evolved as the economy demanded more skilled labor and research and development (R&D) for science and technology.