Korea Pledges US$10 Million Cooperation Fund to Boost Mekong Development by 2027

The Republic of Korea has pledged to increase its financial contribution to the Mekong-Republic of Korea Cooperation Fund to US$10 million by 2027, aiming to bolster sustainable development and environmental protection in the Mekong subregion. This commitment was announced in a press release on 28 July 2024.

During the 12th Meeting of the Foreign Ministers of the Mekong and the Republic of Korea, held on 26 July 2024 in Vientiane, Laos, both parties focused on strengthening business partnerships and enhancing cooperation in economic, trade, and investment sectors.

Korea’s substantial financial commitment underscores a shared vision for future development, with an emphasis on human resource development, climate change integration, natural resource management, agricultural cooperation, rural development, non-traditional security issues, and people-to-people exchanges to support sustainable development in the subregion.

Established in 2011, the Mekong-Republic of Korea cooperation has significantly contributed to enhancing sub-regional connectivity and competitiveness, reducing development gaps, and building sustainable communities within the Mekong subregion.

- Video Advertisement -

Related Post

ADB Backs Cambodia’s Urban Future with $763 Million Investment

The Asian Development Bank (ADB) has approved a $763 million investment program, which includes a $20 million grant from the Asian Development Fund (ADF), to support Cambodia in strengthening its water security and enhancing the resilience and livability of its cities. This announcement was made in a press release by the bank on December 1, […]

Canadian Consortium Eyes Investment in Cambodia’s Key Sectors

During a recent visit to Canada, a Cambodian delegation led by His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, engaged with the Canadian-based Lee Li Holdings Group to explore potential investment opportunities in Cambodia. The discussions took place at Lee Li Holdings’ state-of-the-art fruit […]

Cambodian Government Unveils 2026 Budget Plans

The Cambodian government has announced an ambitious plan to allocate over 10 billion riel from the state budget in 2026, marking a 7.6% increase from 2025. This announcement was made during a cabinet meeting on October 24, 2025, with Prime Minister Hun Sen in attendance, highlighting the administration’s commitment to economic growth and development. According […]

Cambodia Approves 7 New Investment Projects Worth USD 1.3 Billion

The Council for the Development of Cambodia (CDC) has approved seven new investment projects with a total capital of approximately USD 1.3 billion, according to the “Single Entry-Exit Meeting” of the Cambodia Investment Committee held on October 9, 2025. His Excellency Chea Vuthy, Secretary-General of the Cambodia Investment Committee, stated that the new projects are […]

Norway Commits USD 1.2 Million to Mine Action Support in Cambodia

The Norwegian government has officially announced a significant new initiative to support mine action efforts in Cambodia, pledging a budget of USD 1.2 million for the period from 2025 to 2027. The grant was formalized during a signing ceremony held today, attended by Ms. Astrid Emilie Helle, the Norwegian Ambassador to Cambodia, and H.E. Ly […]

Japan Invests Over USD 260,000 in Cambodia’s Svay Rieng and Kampong Speu Provinces

In a significant boost for local development, Japan has announced a grant of USD 267,384 for two impactful projects in Cambodia’s Svay Rieng and Kampong Speu provinces. This funding is made possible through the Kusanagi Grant Agreement for Small-Scale Human Security Projects, signed on October 3, 2025. The first initiative, backed by USD 126,710, will […]