Abstract：Recent studies on development are increasingly focusing on analyzing development discourse and deconstructing its institutionalization process in the nation-state. By pushing up the limit of the research on development, these studies particularly emphasize how development is articulated with the nation-state, its governmentality, and various representations. These studies overall consider development a powerful discourse, which invents under-development, mobilizes resources for changing particular space, and institutionalizes modern systems of socio-spatial control at a local scale. In this sense, it is particularly interesting to look at how the nation-state, faced with the deterritorialization of labor and capital, reterritorializes overseas resources and networks for the purpose of development. By problematizing the Overseas Koreans Foundation as a transnational state apparatus, this paper interrogates the way in which its institutionalized practices conjure up the natio