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South Korea solidifies medical and health care partnerships in Central Asia

South Korean President Moon Jae-in’s traveled to Central Asia to strengthen his government's partnership with Turkmenistan, Uzbekistan, and Kazakhstan in the area of 1) medical and healthcare policies and strategies, and 2) ICT-based medical and healthcare technologies. South Korea's Ministry of Health and Welfare signed an implementation plan in these areas with their counterparts in Turkmenistan and Kazakhstan, co-establishing eHealth comprehensive plans with these two countries. With Uzbekistan, South Korea will also establish and manage a medical and healthcare cooperation center. 

Press release – Ministry of Health and Welfare (in Korean)

South Korea Global health

South Korea and Uzbekistan strengthen partnership

Following South Korean President Moon Jae-in’s summit with the President of Uzbekistan, the two nations have agreed to upgrade their partnership from strategic co-partnership to special strategic co-partnership. They have agreed to cooperate closely in the areas of high value-added industries, medicine and healthcare, science and technology, and public administration, among others.

Press release – Korea.kr (in Korean)

South Korea

South Korea discusses ODA projects under the New Southern Policy

Korea International Cooperation Agency (KOICA) of South Korea organized a development cooperation forum to discuss its way forward in implementing official development assistance projects in line with President Moon Jae-in’s New Southern Policy. The panelists stressed the need to shift away from stand-alone project based approaches to ones promoting multiple-year aid projects by country and sector. Other panelists discussed the futures of specific sectors, from education to ICT and city development.

Press release - KOICA (in Korean)

South Korea

OECD DAC preliminary data release shows ODA down by 2.7% in 2018

The Organisation for Economic Cooperation and Development's Development Assistance Committee (OECD DAC) has published preliminary data for 2018, showing that official development assistance (ODA) fell by 2.7% in 2018. The data release is the first to use the OECD's  new 'grant equivalent' methodology. Applied for the first time in 2018, the method aims to ‘provide a more realistic comparison of the effort involved in providing grants and loans and encourage the provision of grants and highly concessional loans, especially to low-income countries’.

Net ODA from DAC members reached US$153 billion in 2018. The largest donors in absolute amounts were 1) the US (US34.3 billion), Germany (US$25 billion), 3) the UK (US19.4 billion), 4) Japan (US$14.2 billion), and 5) France (US$12.2 billion). In relative terms, the largest donors were Sweden at 1.04% of its gross national income (GNI), Luxembourg (0.98%), Norway (0.94%), Denmark (0.72%) and the UK(0.7%).

For more detailed information on the performance of bilateral donors, see the OECD DAC's detailed summary here.

OECD DAC – Press release “Development aid drops in 2018, especially to neediest countries”

South Korea supports transportation infrastructure development in Vietnam

The Economic Development Cooperation Fund (EDCF) of South Korea has agreed to provide concessional loans of US$430 million to Vietnam for the construction of transportation infrastructure, including highways near Hanoi and Ho Chi Minh City. This support is part of a mid-term investment program between the EDCF and Vietnam for 2016-2020.

News article – Business Plus (in Korean)

South Korea

South Korea provides humanitarian assistance for humanitarian crisis in Venezuela

South Korea has provided US$3-million in humanitarian aid to Venezuela to address domestic economic crisis as well as to Colombia, Peru, and Ecuador to mitigate the burden they face from accommodating a massive number of refugees and migrants. Out of the US$3 million, US$1 million will be used to emergency relief of food and medicine to the Venezuelan people and the other US$2 million will be allocated to neighboring countries to support refugees and migrants. The decision part of South Korean government’s effort to enhance its humanitarian aid program.

Press release – Ministry of Foreign Affairs

South Korea

KOICA appoints its newest vice president

Korea International Cooperation Agency (KOICA) that is in charge of implementing grants, appointed it newest vice president Mr. Jae-Shin Park. Professor at the school of business at Kookmin University, he will be in charge of strategy and departments on Asia. After receiving his doctoral degree in management from the University of Cambridge, he participated in a number of foreign aid projects, particularly in the area of e-government. He is committed to upgrading KOICA’s results management and program/project management, as well as promoting managerial innovation and advancements.

Press release – Korea International Cooperation Agency (in Korean)

South Korea

South Korea and Mongolia announce efforts to strengthen partnership

In light of South Korean Prime Minister Nak-yon Lee’s visit to Mongolia, the two countries announced a push to strengthen their partnership. The two countries discussed a number of items from South Korea’s New Northern Policy, including health and peace on the Korean peninsula. Lee also expressed his wishes for South Korea’s concessional loans via the Economic Development Co-operation Fund (EDCF) to improve the environmental sector of Mongolia. EDCF’s loans have been used to build eco-friendly housing, supply low-carbon public transportation, improve old heating facilities, and more in Mongolia.

News article – Maeil Kyungjae (in Korean)

South Korea

South Korea announces steps to strengthen role in UN peacekeeping

Foreign Minister Kyung-wha Kang of South Korea announced the country's commitment to enhance its role in UN peacekeeping, a flagship activity of the UN. She also announced that South Korea will host the next UN Peacekeeping Ministerial in 2020, becoming the first Asian country to host the event. She stressed that South Korea will not only provide assistance with training and equipment but also increase South Korean service women’s participation in peacekeeping. South Korea hopes to expand its role in the issues of international peace and security and become a member of the UN Security Council for the 2024-2025 term.

Press release – Ministry of Foreign Affairs

South Korea

South Korea commits US$500,000 in humanitarian assistance to countries affected by cyclone in Africa

The Ministry of Foreign Affairs of South Korea announced its plan to provide US$500,000 in humanitarian assistance to Mozambique, Zimbabwe, and Malawi, the three countries that faced severe damage by the recent cyclone Idai. South Korea will provide US$300,000 to Mozambique and US$100,000 to Zimbabwe and Malawi respectively. South Korea hopes to contribute to restoring stability to the region.

Press release – Ministry of Foreign Affairs

South Korea