Korea ODA Targets 56 Countries

Korea is poised to bring aid to a fourth of the world as it raised its official development assistance funds by 18 percent this year, the Korea International Cooperation Agency said.

Yonhap News reports that some USD362 million in Korean ODA funds will go to some 56 countries - roughly a fourth of the world’s states - this year, funds allocated on top of development loans that developing nations may seek through Korea’s Economic Development and Cooperation Funds.

About the author

  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.