Introduction

With annual contribution of 7 million USD per year under the AKCF to the ASEAN Secretariat, various development cooperation projects have been implemented which include technology transfer, human resource development, culture and academic exchanges are implemented using the AKCF upon approval by ASEAN and the ROK.

  • From 1990 to 2016, approximately 380 ASEAN-ROK Cooperation Projects have been implemented

Since 2017, the projects are operated under the New Framework for the ASEAN-ROK Cooperation Fund (AKCF) 2017-2020, adopted by ASEAN and the ROK in February 2017. Both ASEAN and the ROK can propose AKCF projects for funding.

  • In order to maximize the efficiency of management and operation of the Fund in line with its gradual increase, both ASEAN and the ROK agreed to transfer the operation scheme of AKCF-funded projects from a project-based scheme to a programme-based scheme.

<the New Framework for the ASEAN-ROK Cooperation Fund (AKCF) 2017-2020>