South Korea and the World Bank

There are different types of joint projects, funds, and initiatives between the South Korea government and the World Bank groups, and each of them carries different functions and purposes.

The KWPF is an initiative under the direct cooperation between the World Bank Group and the Korea's Ministry of Economy and Finance to help out other developing member countries.

[5] According to the official worlds, there are three Pillars of Collaboration for the facility: This initiatives has successfully implemented and funded projects such as: To better incorporate the World Bank's goals and core ideas and improve the partnership between the organization and the country, a new main office and liaison office was set up in South Korea in December 2013.

[1] With some expanded categories of help to the developing countries in the member countries of the World Bank, such as "energy, environment, natural resources, urban development and land-geospatial management, working in fragile and conflict states, financial sector, innovation and knowledge management", according to the official words reported by The Korea Herald.

(FCV)"[9] South Korea is in the constituency group EDS09 with Australia, Cambodia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Federated States of Micronesia, Mongolia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tuvalu, and Vanuatu.