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South Korea to provide US$550,000 to Caribbean countries hit by hurricanes

South Korea has announced humanitarian assistance for four Caribbean countries that have been recently affected by severe hurricanes: Cuba, the Dominican Republic, Nicaragua, and Antigua and Barbuda. According to the foreign ministry, US$300,000 will be given to Cuba, US$100,000 each to the Dominican Republic and Nicaragua, and the rest to Antigua and Barbuda.

News article - Yonhap News

South Korea

South Korea provides US$2 million to support US regions hit by hurricanes

South Korea will provide humanitarian assistance worth US$2 million to support US regions recently hit by massive back-to-back hurricanes, mainly Texas and Florida. The funding will be used to help stabilize people’s lives and promote faster recovery efforts.

News article - Yonhap News  

South Korea

South Korea commits US$10 million loan to develop Senegal’s infrastructure

South Korea will provide US$10 million in concessional loans to develop Senegal’s infrastructure for transporting and storing marine products. The contract comes partly as a result of high demand for Senegalese marine products from Korean consumers. Furthermore, as only small- and medium-sized enterprises will be allowed to launch businesses associated with the improved infrastructure, the loan will help Korean small businesses gain a foothold in the African market.  

News article - Korea Times

South Korea

South Korea provides US$1 million in humanitarian assistance to Mexico

South Korea has offered humanitarian assistance worth US$1 million to Mexico to support disaster recovery following the 7.1- magnitude earthquake in September 2017, which left 338 people dead and damaged 14,000 homes. The earthquake compounded the after-effects of an 8.1-magnitude tremor in early September, as well as devastation caused by Hurricane Katia shortly after. Korean President Moon Jae-in expressed his condolences to Mexico in his address at the United Nations General Assembly (UNGA).  

News article - Korea Herald

South Korea

South Korea discusses policy direction of Global Disease Eradication Fund

South Korea’s foreign ministry held its second council-management meeting on its Global Disease Eradication Fund. Through the fund, South Korea will focus on supporting the enhancement of risk management systems in countries with a high burden of infectious disease; the prevention and eradication of major diseases such as HIV/AIDS and malaria; and the strengthening of knowledge management and partnerships on infectious disease in developing countries.     

Press release - MOFA (in Korean)

ONE 2017 data report urges a 'doubling' of development finance in Africa

International campaigning and advocacy organization ONE's 2017 data report, 'Financing for the African Century', reveals that the world's poorest countries - and the world's poorest citizens - are receiving a declining share of global resources. While ODA levels have grown globally, the share for least developed countries (LDCs) and Africa has declined, and foreign direct investment (FDI) flows remain the lowest of any region in the world. 

With the continent’s population set to double by 2050, the report urges that all forms of development finance also be doubled. According to the report, increased investment in the empowerment of Africa's youth will be critical to harnessing its 'demographic dividend' and will require cooperation between African governments, donors, civil society, and the private sector.

Publication - ONE

South Korea gives US$200,000 to support flood-stricken Bangladesh and Nepal

South Korea will provide US$200,000 in humanitarian assistance to both Bangladesh and Nepal, two countries which have recently been hit by monsoon-season flooding believed to be the worst in 40 years. Since mid-August, heavy rainfall has swept across the South Asian region, killing more than 1,200 people and directly affecting nearly 41 million others.  

News article - Yonhap News

South Korea

South Korea seeks to become party to the FAC

South Korea is seeking to join the Food Assistance Convention (FAC), a multilateral cooperation instrument currently ratified by six parties, in order to improve global food security. The bill for South Korean FAC membership, developed through intra-governmental consultations, was approved by the Cabinet on August 29, 2017. The domestic procedure, including the ratification of the bill by the National Assembly, will be completed by the end of the year. Once it becomes party to the FAC, South Korea plans to offer approximately 50,000 tons of home-grown rice to developing countries via the World Food Programme (WFP).

Press release - Ministry of Foreign Affairs

South Korea Agriculture Nutrition

South Korea to build four health centers in Jordan

KOICA, South Korea’s agency for international cooperation, announced that it will build four public health centers in the Jordanian regions of Amman, Tabarbour, and South Al-Twal to provide better healthcare in the region by 2018. The centers will be worth US$5.2 million. The project includes the construction of a health center and medical equipment, dispatch of medical experts, healthcare personnel training, and guidance on hospital operations.

News report – Korea Biomedical Review

South Korea

Azerbaijan’s education ministry and KOICA to cooperate on educational infrastructure and services

KOICA, South Korea’s agency for international cooperation, and Azerbaijan’s Ministry of Education signed a record of discussion for a KOICA project grant designed to improve Azerbaijan’s education system. The project, to be implemented by 2020, will build capacity and improve human resource development among Azerbaijani teachers, with a focus on increasing Information and Communications Technology (ICT) skills.

News report – Azernews

South Korea