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After Korea’s accession to the OECD DAC in 2010, the government enacted the Framework Act on International Development Cooperation, with the objective of enhancing policy coherence and aid effectiveness. Korea has also been continuously increasing its ODA volume, so as to contribute to the advancement of developing countries. As of 2018, Korea’s ODA stood at USD 2.41 billion, rising by around 9% from the previous year in line with the government’s commitment to the international society to provide a greater volume of ODA. From 2010 to 2018, Korea achieved the highest annual growth rate of 11.9% in average among DAC member countries, of which annual average growth rate is 2.4%. Korea ranked 15th among 29 DAC member countries in 2019 for its ODA volume which is estimated USD 2.5 billion in ODA grant equivalent measure.

Korea's ODA by Channels, 2009-2018 (Net disbursements, USD million, %)
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Bilateral ODA (A) 581.1 900.63 989.57 1,183.17 1,309.58 1,395.77 1,468.79 1,548.47 1,615.02 1,796.17
Budget support 0 0 0 29.49 19.62 0 9.89 0.10 0 90.00
(0.00%) (0.00%) (0.00%) (2.49%) (1.50%) (0.00%) (0.67%) (0.01%) (0.00%) (5.01%)
NGO, PPP 14.76 28.69 42.26 95.95 140.67 143.01 138.41 136.36 105.88 146.21
(2.54%) (3.19%) (4.27%) (8.11%) (10.74%) (10.25%) (9.42%) (8.81%) (6.56%) (8.14%)
Project-type intervention 331.49 666.66 679.81 762.28 819.58 883.42 953.53 1019.83 1125.73 1175.79
(57.05%) (74.02%) (68.70%) (64.43%) (62.58%) (63.29%) (64.92%) (65.86%) (69.70%) (65.46%)
Expert and other Technical assistance 0 127.95 151.00 167.04 196.11 227.46 211.62 209.72 207.13 200.58
(0.00%) (14.21%) (15.26%) (14.12%) (14.98%) (16.30%) (14.41%) (13.54%) (12.83%) (11.17%)
Scholarships and student costs in donor countries 0 31.63 42.20 54.31 61.29 66.69 69.91 72.26 73.27 72.08
(0.00%) (3.51%) (4.26%) (4.59%) (4.68%) (4.78%) (4.76%) (4.67%) (4.54%) (4.01%)
Debt relief 0 2.36 0 0 0 0 0 0 0 0
(0.00%) (0.26%) (0.00%) (0.00%) (0.00%) (0.00%) (0.00%) (0.00%) (0.00%) (0.00%)
Administrative costs 27.76 38.39 53.60 59.40 57.52 56.65 65.37 84.73 81.35 85.07
(4.78%) (4.26%) (5.42%) (5.02%) (4.39%) (4.06%) (4.45%) (5.47%) (5.04%) (4.74%)
Other in-door expenditure 5.25 4.95 20.69 14.71 14.78 18.55 20.07 25.48 21.67 26.44
(0.90%) (0.55%) (2.09%) (1.24%) (1.13%) (1.33%) (1.37%) (1.65%) (1.34%) (1.47%)
Multilateral ODA(B) 234.94 273.15 335.02 414.28 445.80 460.96 446.60 697.69 586.33 623.80
UN 55.80 77.41 81.98 114.46 113.53 112.36 98.00 114.92 98.52 97.90
(23.75%) (28.34%) (24.47%) (27.63%) (25.47%) (24.38%) (21.94%) (16.47%) (16.80%) (15.69%)
World Bank 93.21 110.77 123.07 153.91 170.46 191.41 194.01 187.55 184.49 204.34
(39.67%) (40.55%) (36.74%) (37.15%) (38.24%) (41.52%) (43.44%) (26.88%) (31.47%) (32.76%)
Regional Development Banks 68.72 66.51 104.12 126.23 126.69 123.77 110.38 360.03 255.91 273.69
(29.25%) (24.35%) (31.08%) (30.47%) (28.42%) (26.85%) (24.72%) (51.60%) (43.65%) (43.87%)
Other Agencies 15.51 16.7 23.67 19.58 35.01 31.30 44.22 35.19 47.42 45.68
(6.60%) (6.11%) (7.07%) (4.73%) (7.85%) (6.79%) (9.90%) (5.04%) (8.09%) (7.32%)
Total ODA(A+B) 816.04 1173.80 1324.60 1597.45 1755.38 1856.73 1915.39 2246.16 2201.35 2419.97
Source: Korea Exim Bank Statistics (2019)
Source: Korea Exim Bank Statistics (2019)