[The Korea Development Bank Letterhead]

May 14, 2020

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

U.S.A.

Re: The Korea Development Bank and The Republic of Korea Post-effective Amendment No. 10 to Registration Statement Under Schedule B U.S. Securities and Exchange Commission File No. 333-217914

Ladies and Gentlemen:

We hereby acknowledge your oral comment on the above-mentioned Registration Statement under Schedule B provided to us on May 14, 2020 to continue to monitor the latest developments in the market, particularly in light of the ongoing outbreak of the COVID-19 pandemic, and to include any material disclosure relating thereto in our prospectus or prospectus supplement when we conduct a takedown under the above-mentioned Registration Statement under Schedule B in order to provide investors with all material information necessary to make an informed investment decision.

In accordance with Rule 461 under the Securities Act of 1933, as amended, we hereby request that the effectiveness of the above-mentioned Registration Statement under Schedule B be accelerated so that it shall become effective at 11 a.m. on Monday, May 18, 2020, New York time, or as soon thereafter as practicable.

Very truly yours,
THE KOREA DEVELOPMENT BANK
By:	/s/ Yoo Seoung Kim
Name:	Yoo Seoung Kim
Title:	Head of Global Funding Team Treasury Department

[The Republic of Korea Letterhead]

May 14, 2020

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

U.S.A.

Re: The Korea Development Bank and The Republic of Korea Post-effective Amendment No. 10 to Registration Statement Under Schedule B U.S. Securities and Exchange Commission File No. 333-217914

Ladies and Gentlemen:

We hereby acknowledge your oral comment on the above-mentioned Registration Statement under Schedule B provided to us on May 14, 2020 to continue to monitor the latest developments in the market, particularly in light of the ongoing outbreak of the COVID-19 pandemic, and to include any material disclosure relating thereto in our prospectus or prospectus supplement when we conduct a takedown under the above-mentioned Registration Statement under Schedule B in order to provide investors with all material information necessary to make an informed investment decision.

In accordance with Rule 461 under the Securities Act of 1933, as amended, we hereby request that the effectiveness of the above-mentioned Registration Statement under Schedule B be accelerated so that it shall become effective at 11 a.m. on Monday, May 18, 2020, New York time, or as soon thereafter as practicable.

Very truly yours,
THE REPUBLIC OF KOREA
By:	/s/ Minsik Shin
Name:	Minsik Shin
Title:	Financial Attaché                  Korean Consulate General in New York