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Volume

The total volume of Korea¡¯s ODA between 1987 and 2008 was 5.7 billion USD. Between 2000 and 2008, the volume of Korea¡¯s ODA increased by 278.3%, and the volume of bilateral aid, in particular, surged by 311.0%.  In 2008, the estimated volume of Korea¡¯s ODA amounted to 802.34 million USD, which constitutes 0.09% of the GNI or a 14.8% increase compared with 2008. On the grant aid side, the estimated total volume between 1991 and 2008 reached 2,191 million USD.

Going forward, Korea plans to expand Korea¡¯s development cooperation by scaling up its ODA to a level commensurate with Korea¡¯s economic standing. In doing so, Korea hopes to help achieve the MDGs and address today¡¯s global challenges.  The Korean government also plans to participate in the global trend of increasing the proportion of grant aid to LDCs. In this context, KOICA¡¯s importance and scale of operations are expected to continue to grow in the years to come.

Improving Health through the Air-ticket Solidarity Levy

Around 1,900 children are infected each day with HIV/AIDS, meaning one child dies from the disease every 45 seconds. Furthermore, 20% of all children in Africa who contract malaria do not survive even though the disease is by and large easy to treat. As a result of issues such as this, the Declaration on Innovative Sources of Financing for Development in 2005 confirmed the commitment of the international community to identify innovative financing for development in order to address enduring development challenges such as those mentioned above.  

In order to assist in the fight against disease, Korea has recently instituted the Air Ticket Solidarity Levy. Introduced on September 30, 2007, the levy is the first of its kind in Asia and imposes a contribution of 1000 Korean won (approx. 1 USD) for each passenger departing from Korea. It is expected to raise annual revenue of around 20 million USD for Korea¡¯s ODA. Responsible for managing and operating the levy, KOICA will use this fund for various disease eradication and control initiatives, including contributions to the UNITAID (an international drug purchase facility), mainly in the African region. With this levy as a start, KOICA will continue to ensure sustained and effective financing for Korea¡¯s development activities.  

ODA Volume (2000~2008)

 (Unit : US$ in millions)

Year '01 '02 '03 '04 '05 '06 '07
'08
Total
ODA Total 264.7 278.8 365.9 423.3 752.3 455.3 699.1 802.3 4,253.7
Bilateral 174.5
206.8
245.2
330.8 463.3 376.1 493.5 539.2 2,957.5
- Grants 53.0 66.7 145.5 212.1 317.0 259.0 361.3 368.7 1,831.9
- Loans 118.6 140.1 99.7 118.7 145.3 117.1 132.2 170.6 1,125.6
Multilateral 93.1 72.0 120.7 92.6 289.0 79.2 205.6 263.1 1,296.2
ODA/GNI (%) 0.06 0.05 0.06 0.06 0.10 0.05 0.07 0.09