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Private companies

Private companies can play role to reduce poverty in developing countries. Korean government recognizes private companies’ potential in development; however, they were not actively involved in international development cooperation so far. In this sense, the Strategic plan includes the direction of expanding inclusive partnership with private companies for them to participate in ODA. In line with the Strategy Plan, KOICA initiated some pilot joint programs with Korean private companies in Southeast Asian countries. EDCF also established plan to build partnership with private companies for greater effectiveness and sustainable development for partner countries.

As more companies are interested in international development cooperation, based on growing requirement of Corporate Social Responsibility (CSR), Korean government will