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The Transformation of the Republic of Korea's Development Cooperation

Nov 22, 2020

As the ROK celebrates its ten-year membership anniversary in 2020, it enters the Sustainable Development Goals’ Decade of Action during a period when multilateralism is weakening and global challenges are on the rise. The outbreak of COVID-19 is reversing decades of hard-earned progress in developing countries, hindering the much-needed ability and willingness of the international community to jointly address these setbacks. At the same time, the fundamental essence of development cooperation is changing; the relative role of Official Development Assistance (ODA) is diminishing while the importance of South-South Cooperation is on the rise. Taking these issues into consideration, this paper will undertake a reflection into the past decade to discuss policies that can further the ROK’s status as a donor in the future.

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