S. Korea to annually provide over $2b in EDCF over 2026-2028

South Korea plans to provide about 3 trillion won (2.01 billion) per year in low-interest loans for new overseas development projects over the next three years, the finance ministry said Monday. Under the 2026–2028 plan for the Economic Development Cooperation Fund, the government set a target of approving an annual average of 3 trillion won for new projects designed to support the economic development of developing or less developed countries.