Outline

Korea’s ODA administration system includes bilateral and multilateral assistance. The bilateral assistance is divided into grants and concessional loans. Grants, composed of grant aid and technical cooperation programs, are implemented by the Korea International Cooperation Agency (KOICA) under the policy guidelines of the Ministry of Foreign Affairs and Trade (MOFAT). However, while grant aid programs are wholly controlled by the KOICA, some technical cooperation programs are engaged by other government agencies and organizations. Concessional loans are managed by the Economic Development Cooperation Fund (EDCF) programmed by the Export-Import Bank of Korea (Korea EXIM Bank) under the supervision of the Ministry of Strategy and Finance.

With regard to multilateral assistance, contributions to the UN system and other multilateral institutions are made by the MOFAT, and financial subscriptions to international financial institutions are managed by the MOSF.

For effective adjustment and discussion among agencies, the Committee for International Development Cooperation and the Working Committee are in place

ODA Implementation System by Types of Aid

Organizational Chart of Korea’s ODA Implementation System