Tag: ODA

ODA

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Korea raises 2027 foreign aid budget with focus on AI, health care, climate resilience

The government’s 6.3 trillion won ODA plan for 2027 expands support for health care, culture and flood and drought prevention while making AI a flagship priority.

2026.7.23

Kim Jin-nam, head of the International Development Cooperation Bureau at the Office for Government Policy Coordination, gives an advance briefing on the agenda for the 57th International Development Cooperation Committee at Government Complex Seoul in Jongno District on May 8. [YONHAP]

Korea to expand science, engineering, AI majors in ODA scholarship program

The government will expand the proportion of those majoring in AI, science and engineering among foreign students studying in Korea on an official development assistance (ODA) scholarship program, officials said Thursday.

2026.5.28

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Kim Young-su, first vice minister of the Office for Government Policy Coordination, speaks during a briefing held in Jongno District on March 24. [YONHAP]

Korea's official development assistance declines 3.9 percent to $3.87 billion in 2025

Korea's official development assistance (ODA) posted an on-year decrease of 3.9 percent to $3.87 billion in 2025, due to a weak exchange rate and reduced multilateral aid, the government said Friday.

2026.4.10

A view of Seoul City Hall in Jung District, central Seoul [YONHAP]

Two Seoul city officials under investigation for embezzling public money for overseas trips

Two civil servants from the Seoul Metropolitan Government are under police investigation for allegedly embezzling public funds for personal overseas travel, the city confirmed Wednesday.

2025.6.18

Acting President Choi Sang-mok speaks during an economic meeting of senior government officials at the government complex in central Seoul on Feb. 11. [YONHAP]

Korea allocates 6.5 trillion won to development assistance in 2025

Korea's government has allocated 6.5 trillion won ($4.5 billion) for official development assistance in 2025.

2025.2.20

Kim Hye-kyung, chairperson of non-governmental organization Global Civic Sharing, speaks during her interview with the Korea JoongAng Daily on Feb. 3 in central Seoul. [PARK SANG-MOON]

Korea should step up foreign aid efforts after Trump cuts, says NGO chief

With Trump's return to the Oval Office freezing U.S. foreign aid, Korea is urged to step up as a leading donor. Despite global aid cuts, Korea plans a 4.2 percent increase in ODA, showcasing its leadership in international development cooperation.

2025.2.10

This file photo, provided by the Korea Heritage Service on Jan. 3, 2024, shows Korean workers and officials taking part in a project to recover a major cultural asset in Laos. [YONHAP]

Korea to help Laos leave UN's 'least developed' list by 2026

Korea and Laos held a policy consultation on ODA programs to aid Laos in graduating from least developed status by 2026. The meeting focused on various cooperative projects and renewing the EDCF framework arrangement.

2024.10.3

The Korea International Cooperation Agency (Koica) building in Seongnam, Gyeonggi [KOICA]

Korea's foreign aid outlays plagued by poor planning, widespread underuse, audit reveals

Significant increases in Korea’s Official Development Assistance (ODA) funding have been undermined by poor planning and execution, including insufficient consideration of conditions in recipient countries, leading to widespread underuse of aid.

2024.8.27

President Yoon Suk Yeol and African leaders take a commemorative photo at the inaugural Korea-Africa Summit at Kintex in Goyang, Gyeonggi, on Tuesday. The summit was attended by delegations from 48 countries and included 25 African leaders. [PRESIDENTIAL OFFICE]

Leaders highlight shared growth, sign deals as Korea-Africa Summit begins

Korean and African nations signed 12 agreements and 34 memorandums of understanding (MOUs) to increase cooperation in sectors including economy and infrastructure as the inaugural Korea-Africa Summit began Tuesday.

2024.6.4

Korean official development assistance increases by 11%

Korea’s official development assistance (ODA) amounted to $3.13 billion last year, an increase of 11.4 percent compared to the previous year, according to data from the Organization for Economic Co-operation and Development (OECD).

2024.4.15