After Korea’s accession to the OECD DAC in 2010, the government enacted the Framework Act on International Development Cooperation, with the objective of enhancing policy coherence and aid effectiveness. Korea has also been continuously increasing its ODA volume, so as to contribute to the advancement of developing countries. From 2010 to 2018, Korea achieved the highest annual growth rate of 11.9% in average among DAC member countries, of which annual average growth rate is 2.4%. Korea ranked 15th among 29 DAC member countries in 2021 for its ODA volume which is estimated USD 2855 million in ODA grant equivalent measure.

Year	ODA	Bilateral ODA		Multilateral ODA
		Amount	share (%)	Amount	share (%)
2018	2,358.25	1,734.45	73.6	623.80	26.5
2019	2,463.18	1,857.04	75.4	606.14	24.6
2020	2,250.03	1,751.45	77.8	498.58	22.2
2021	2,855.04	2,145.17	75.1	709.86	24.9