South Korea as an emerging donor

Challenges and changes on its entering OECD/DAC

Hong Min Chun, Elijah N. Munyi, Heejin Lee

Research output: Contribution to journalArticle

34 Citations (Scopus)

Abstract

South Korea's official development assistance (ODA) has been increasing rapidly and will continue to do so. Korea is one of the few countries which have successfully transitioned from a recipient to a donor. It became a member of DAC (development assistance committee), OECD in November 2009. Korea's ODA policy, along with its growth in quantity, is at a crossroads for the enhancement of its quality. Discussions and debates are going on regarding the reforms in Korea's ODA activities, and this paper examines key issues raised. It first reviews the past and present of Korea's ODA, and identifies major characteristics including a low ODA/GNI ratio, a high percentage of concessional loans compared to grants, a high portion of tied aid, regional bias and a relatively large number of recipients. The paper argues that those characteristics arise from a lack of consensus on some fundamental issues like the objective of ODA, positioning of Korea's ODA as an emerging donor and the nature of aid to North Korea. We also argue that a shift of ODA policy is required to promote reform, based on a thorough reflection on the role of ODA in the alleviation of poverty and promoting sustainable development in developing countries, rather than serving as an economic tool.

Original languageEnglish
Pages (from-to)788-802
Number of pages15
JournalJournal of International Development
Volume22
Issue number6
DOIs
Publication statusPublished - 2010 Aug 1

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OECD
South Korea
aid
assistance
positioning
Korea
poverty
sustainable development
developing world
economics
recipient
policy
reform
North Korea
loan
grant
developing country
lack
present
trend

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development

Cite this

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South Korea as an emerging donor : Challenges and changes on its entering OECD/DAC. / Chun, Hong Min; Munyi, Elijah N.; Lee, Heejin.

In: Journal of International Development, Vol. 22, No. 6, 01.08.2010, p. 788-802.

Research output: Contribution to journalArticle

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