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South Korea’s USD 500mn aid to Afghanistan

in Afghan Business

South Korea’s USD 500mn aid to Afghanistan

South Korea’s ambassador announced on Saturday that his country has pledged USD 500mn in aid to Afghanistan, of which USD 100mn will be spent in the country by next year.

He further added that USD 130mn from the aid money will be earmarked for Parwan province in the next five years.

According to the ambassador, South Korean government is considering to fund reconstruction projects in the country in addition to the USD 500mn pledged in aid.

Six years ago, South Korea had settled a number of its nationals in Afghanistan for assistance, but after more than 20 of its citizens were taken as hostages by the Taliban in Ghazni province, the country had to withdraw its national out of Afghanistan.



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