The United Nations Korean Reconstruction Agency (UNKRA) was an economic reconstruction program created by the United Nations to bolster war-devastated South Korea.
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 US$150 million was contributed to the program, a majority of funds were paid by South Korea's primary benefactor, the U.S..
[1] The Chief of Mission from 1951 to 1953 was former Australian general, Charles Lloyd.