South Korea's Ministry of Economy & Finance, together with the Export-Import Bank of Korea, held an Economic Development Cooperation Fund (EDCF) innovation strategy briefing to set out the fund's future operating direction and planned reforms to make its procedures more transparent and fair. The ministry said EDCF support will focus on AI, culture, supply chains and green projects, using the fund to back future industries and help Korean companies enter new markets. The plans also include stronger links between EDCF and other cooperation programmes, including KSP and EIPP, as well as multilateral development bank trust fund projects. To improve governance, the ministry plans to incorporate the views of companies and related institutions from the project identification stage, widen private expert participation in key decisions, and expand information disclosure across the full EDCF project cycle. The government said it will continue direct engagement with companies alongside the Export-Import Bank of Korea.
Ministry of Economy & Finance (South Korea)2026-06-10
South Korea's Ministry of Economy & Finance outlines EDCF priorities and transparency reforms
South Korea’s Ministry of Economy & Finance and the Export-Import Bank of Korea outlined an innovation strategy for the Economic Development Cooperation Fund to make procedures more transparent and fair and refocus support on artificial intelligence, culture, supply chains and green projects to back future industries and Korean firms’ overseas expansion. The ministry plans closer links with other cooperation programmes and multilateral development bank trust funds, greater involvement of companies and private experts from project identification through key decisions, broader information disclosure across the project cycle, and continued direct engagement with companies.