South Korea"s President Yoon Suk Yeol has announced a significant increase in the nation"s financial commitment to the International Development Association fund of the World Bank.
This demonstrates South Korea"s dedication to international development and its involvement in global financial cooperation.
The country"s contribution will exceed $600 million, rising by 45%, as confirmed by the finance ministry on Tuesday.
The additional funding is expected to support various initiatives aimed at reducing poverty and promoting sustainable development in low-income countries.