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COMMUNICATION & COOPERATIONS
International Cooperation
Official Development Assistance
Official Development Assistance
Purpose
- KEA implements cooperation projects with developing countries to build infrastructure for climate change adaptation and lay foundation of relative businesses. This enables KEA to maintain good relations with those countries and improve Korea’s reputation.
- KEA aims to facilitate exports and provide new avenues to Korean companies in energy and environment sectors to tap into the new markets through KEA’s phased aid programs for GHG reduction.
History
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KEA proposes international cooperation projects to developing countries in order to share its experience in GHG reduction in energy and industrial sectors and in sustainable development
- The Prime Minister announced Korea’s plan to help developing countries to address climate change challenges ($30 million for 5 years) at EXPO General Assembly in June 2007 and at the UN High Level Event on Climate Change. KEA’s assistance efforts began in 2008.
- Joint climate change projects between Korea and Developing countries are categorized as ODA and have been underway since 2012
Program Overview
Definition
- As a part of KEA’s efforts of international cooperation, KEA develops GHG reduction and capacity building projects in developing countries. The goal is to help them adapt to climate change while giving new market opportunities to Korean companies.
Major projects
- KEA runs networking agencies for each region to support Korean companies to enter into the new markets
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Four major regions: 1) South-East Asia 2) Central Asia 3) South-West Asia 4)Central & South America
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- KEA works with multilateral banks such as ADB, IDB and World Bank to facilitate Korean companies’ participation in projects launched by the multilateral banks
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- KEA develops policy exchange and joint-research projects using its network with international organizations such as UNIDO and ACE.
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KEA conducts GHG reduction project with Korean Companies to reduce Green House Gas in developing countries for Climate change response.
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Assist Korean companies to enter into the overseas markets: KEA holds NAMA seminars and offer capacity building trainings to Korean companies on demands of developing countries and market entry possibilities
- KEA supports programs for exchanging policy and business information of developing countries to help Korean companies implement energy and GHG business overseas.
