Korea trims, refocuses EDCF with W9tr plan

South Korea will commit 9 trillion won ($6.05 billion) to the Economic Development Cooperation Fund through 2028, cutting its overall three-year plan while broadening support into policy priority sectors such as AI, digital technology, culture, green energy and supply chains. Unveiling a new three-year roadmap on Monday, the government said it wants to shift EDCF from a traditional official development assistance vehicle toward a more strategic development finance tool that can help Korean compa

By The Korea Herald