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Korean Government Launches IT Consulting Projects in 10 Developing Countries
3rd World Aid
Korean Government Launches IT Consulting Projects in 10 Developing Countries
  • By Jung Min-hee
  • June 1, 2015, 02:45
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According to the Ministry of Strategy & Finance and Korea EximBank, a total of seven overseas system consulting projects are scheduled in 10 countries, including Indonesia and Armenia, as parts of the Korean government’s Knowledge Sharing Program (KSP) for this year.

The first orders for the projects, which cover taxation, payments, settlements, and the like were placed on May 29, and the second are to be placed on June 5. Credit and technology guarantee system projects are scheduled in Thailand and Indonesia, and gas safety system and patent administration system projects in Mongolia and Mozambique.

The KSP is an international aid program financed by the ministry and carried out by the bank. Korean companies can participate in the tenders. The Korean government’s Official Development Assistance (ODA) budget for this year includes 840 billion won (US$755.5 million) in grant aid, and 20 billion won (US$18 million) of it is earmarked for the KSP.

KSP projects also include those launched through joint consultations with international organizations such as the World Bank, the Asian Development Bank and the African Development Bank. E-Government projects fall into this category, three examples of which are the European Bank for Reconstruction and Development’s small firm assistance through e-procurement system improvement, the Inter-American Development Bank’s assistance in smart city planning in Colombia, and smart grid planning assistance in the Dominican Republic.