SEOUL, Jun. 26 (Korea Bizwire) — The government on Wednesday set aside 6.8 trillion won (US$4.9 billion) for official development assistance (ODA) in 2025, an 8.5 percent increase from this year. The decision was made during a meeting of the government committee on official development assistance presided over by Prime Minister Han Duck-soo. ODA is [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s overseas aid agency said Friday it will open 10 percent of senior posts to outsiders and tighten the screening of overseas projects as part of its reform programs. The Korea International Cooperation Agency (KOICA) announced a set of measures to overhaul its organization and operation, after it [...]
SEOUL, July 15 (Korea Bizwire) — South Korea will constantly try to expand development assistance for countries in need, capitalizing on its own experience, Foreign Minister Yun Byung-se said Wednesday. “Korea is the prime example of a least-developed-country-turned-donor. As such, we know from experience what it takes to overcome poverty and promote sustainable development,” he said [...]