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Income group
Aid allocation to LDCs has been dramatically rising from USD 143.5 million in 2008 to USD 580 million in 2015, recording a 4.1 fold increase. As of 2015, 37.9% of Korea's bilateral ODA was delivered to LDCs.
Bilateral ODA by Income Group (2008-2015) (net disbursements, USD million, %)
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LDCs | 91.95 | 120.66 | 143.47 | 161.02 | 333.26 | 346.73 | 417 | 515.31 | 542 | 580.13 |
| (24.4%) | (24.6%) | (26.6%) | (27.7%) | (37.0%) | (35.0%) | (35.2%) | (39.3%) | (38.8%) | (39.5%) | |
| OLICs | 15.7 | 3.23 | 4.1 | 5.82 | 7.25 | 10.82 | 10.91 | 8.72 | 8.61 | 9.27 |
| (4.2%) | (0.7%) | (0.8%) | (1.0%) | (0.8%) | (1.1%) | (0.9%) | (0.7%) | (0.6%) | (0.6%) | |
| LMICs | 102.86 | 185.05 | 194.34 | 222.3 | 354.81 | 366.58 | 472.51 | 502.4 | 485.79 | 529.95 |
| (27.4%) | (37.7%) | (36.0%) | (38.3%) | (39.4%) | (37.0%) | (39.9%) | (38.4%) | (34.8%) | (36.1%) | |
| UMICs | 120.57 | 121.56 | 107.73 | 93.41 | 111.17 | 120.93 | 107.56 | 101.76 | 140.09 | 109.74 |
| (32.1%) | (24.8%) | (20.0%) | (16.1%) | (12.3%) | (12.2%) | (9.1%) | (7.8%) | (10.0%) | (7.5%) | |
| Unallocated | 45 | 60.04 | 89.57 | 98.55 | 94.12 | 144.46 | 175.19 | 181.38 | 219.28 | 239.71 |
| (12.0%) | (12.2%) | (16.6%) | (17.0%) | (10.5%) | (14.6%) | (14.8%) | (13.9%) | (15.7%) | (16.3%) | |
| Total | 376.08 | 490.54 | 539.21 | 581.1 | 900.61 | 989.52 | 1,183.17 | 1,309.58 | 1,395.77 | 1,468.79 |
| (100.0%) | (100.0%) | (100.0%) | (100.0%) | (100.0%) | (100.0%) | (100.0%) | (100.0%) | (100.0%) | (100.0%) |
Bilateral ODA by Income Group (2009-2015) (Net Disbursements, USD million)
Income Group Aid Share Of Bilateral ODA (2008-2015) (Net Disbursements, %)
The proportion of grants to LDCs tended to increase As stated in the Mid-term Strategy for 2011-2015, Korea will selectively provide concessional loans to LDCs by assessing their development needs for assistance and debt sustainability. In fact, Korea will use concessional loans strategically to assist the self-sustainable efforts of LMICs and OLICs with helping them build infrastructure and laying the foundation for economic growth. In the case of UMICs, Korea will concentrate on sharing its economic development experiences and providing technical cooperation to assist their advancement.
In addition, following the recommendations of the DAC Special Peer Review in 2008, the conditions of delivering concessional loans to LDCs changed in July 2008 to meet the 90% of average grant element for LDCs, complying with the DAC Recommendation on Terms and Conditions of Aid. The grant element of concessional loans for all its recipients also tended to increase.