SOUTH KOREA SET TO TRIPLE AID TO DEVELOPING NATIONS BY 2015.

DOHA/KUWAIT CITY, Dec 1 Asia Pulse - South Korean Prime Minister Han Seung-soo said Saturday that his government planned to triple its official development assistance, or ODA, designed to promote the socioeconomic advancement of developing nations, by 2015.

In an address at a U.N. development financing conference that opened in this Qatari capital on Saturday, Han called for keeping the momentum alive to increase international ODA volume and detailed the South Korean government's various efforts to contribute to developing economies.

Han said South Korea will lead an effort to create a US$200 million East Asian climate partnership for the purpose of helping nations in the region cope with both economic growth and climate change simultaneously.

He also said Seoul had been striving to join the Development Assistance Committee of the Organization for Economic Cooperation and Development, the principal body through which the OECD deals with issues related to cooperation with developing countries.

"The gradual increase in ODA in international society is encouraging, and such momentum should be further reinforced," said Han in his address.

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