The Asian Development Bank was founded on December 19, 1966 with a purpose to stimulate the economic progress in developing nations in the region and to help finance the development projects aimed at balanced development of the region. Today, the ADB has grown to a banking institution with a total of 33 member nations including 20 regional and 13 sub-regional countries.

Korea affiliated with the bank at the time its inauguration and has been a director nation representing the group of Korea, free China, and Vietnam. Korea has contributed $9 million to the capital fund of the bank as of April 15, 1969 and is entitled to draw up to $13.8 million in loan or 20.8% of the total loan available from the bank.

The meeting will be a large scale important international conference which will be attended by 800 delegates including finance ministers of the member nations, presidents of central banks, observers from various international organizations, leading banking business figures and foreign diplomats in Korea.

The Ministry of Communications issues a commemorative stamp in commemoration of the meeting hoping that the international conference end in a great success and make greater contributions to the economic development in Korea and other Asian countries.