Korea to Join Foreign Aid Donor Club

  • Arirang News

    November 25, 2009 11:58

    Korea is likely to join the Organization for Economic Co-operation and Development's club of donor countries known as the Development Assistance Committee.

    The government attaches special significance to the fact that Korea will move from a receiver of international aid to a benefactor if membership is confirmed on Wednesday.

    If this happens, Korea will be the first country in the world that has switched from recipient to donor of foreign aid.

    Last year, Korea donated US$800 million worth of aid and it plans to increase the amount about three-fold by 2015.

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