Korea

DAC member profile: Korea

 

Member of the OECD Development Assistance Committee (DAC) since 2010.

Statistics from the Development Co-operation Report 2016

Country pages_0016_KOREA

See full profile in the Development Co-operation Report 2016.

In 2015,  Korea provided  USD 1.9 billion in net ODA (preliminary data), which represented 0.14% of gross national income (GNI) and an 8.3% increase in real terms from 2014.* Korea is the 24th largest Development Assistance Committee (DAC) provider in terms of its ODA as a percentage of GNI, and the 14th largest by volume. Korea missed its ODA/GNI target of 0.25% by 2015 due to several reasons: the global economic downturn, tighter fiscal policy in Korea and a change in the calculation of GNI. It has, however, set a new target of 0.30% ODA/GNI by 2030. To help reach this target Korea plans to publish an ODA growth plan with milestones. Korea’s share of untied ODA (excluding administrative costs and in-donor refugee costs) was 53.2% in 2014 (down from 55.1% in 2013), compared to the DAC average of 80.6%. The grant element of total ODA was 95.1% in 2014.

*  Korea  does  not  report  to  the  DAC  on  ODA-eligible  assistance  to  the  Democratic  People’s  Republic  of  Korea  (DPRK). The
ODA-eligible portion of its assistance to the DPRK was estimated at approximately USD 13.3 million in 2014.

Peer review findings: 2012

Latest evaluation reports

Korea: a growing influence in the field of development co-operation. An aid recipient less than two decades ago, Korea is now a donor and sharing its experience of how to use development co-operation as a catalyst to promote long-term sustainable growth in other countries.

Access Korea's latest evaluation reports on the DAC Evaluation Resource Centre (DEReC).

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