Korea’s ODA Framework
Korea’s ODA administration system includes bilateral and multilateral assistance. The bilateral assistance is divided into grants and concessional loans. Grants, composed of grant aid and technical cooperation programs, are implemented by the Korea International Cooperation Agency (KOICA) under the policy guidelines of the Ministry of Foreign Affairs and Trade (MOFAT). Concessional loans are managed by the Economic Development Cooperation Fund (EDCF) programmed by the Export-Import Bank of Korea (Korea EXIM Bank) under the supervision of the Ministry of Strategy and Finance (MOSF).
With regard to multilateral assistance, contributions to the UN system and other multilateral institutions are made by the MOFAT, and financial subscriptions to international financial institutions are managed by the MOSF.