Net bilateral aid flows from DAC donors, Korea, Rep. (current US$)

This indicator captures the net bilateral aid contributions from the Republic of Korea, as part of the framework established by the Development Assistance Committee (DAC). It reflects the balance of official development assistance (ODA), which includes both grants and concessional loans, after accounting for the repayments of existing loan principal. Notably, ODA aims to enhance the economic growth and welfare of eligible developing nations identified in the DAC recipient list. Historically significant, official aid practices evolved to facilitate support for transitioning economies and certain advanced developing nations prior to the discontinuation of data collection on this category in 2004. This financial metric is expressed in current U.S. dollars, providing a valuable perspective on Korea's commitment to international development efforts and its role in the global aid landscape, particularly amidst shifting geopolitical dynamics. Source: