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S. Korea's ODA edges up to US$2.35 bln in 2018: OECD

All Headlines 22:37 April 10, 2019

SEOUL, April 10 (Yonhap) -- South Korea's official development assistance (ODA) for foreign countries totaled US$2.35 billion last year, up $200 million, or 9.2 percent, from 2017, according to a related international organization on Wednesday.

It marks the 15th-largest volume among the members of the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD), Seoul's foreign ministry said on the basis of preliminary data. It represents no change in the nation's ranking from the previous year.

The OECD plans to make public a final version in December.

The ratio of South Korea's ODA to its gross national income (GNI) rose 0.01 percentage point on-year to 0.15 percent.

ODA from the 30 members of the DAC reached $153 billion in 2018. The average ODA/GNI ratio of the countries was 0.31 percent. Japan's ratio stood at 0.28 percent, with the United States and Britain recording 0.17 percent and 0.7 percent, respectively.


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