The Republic of Korea has invested KRW 8.34 billion and US$46.59 million in the Global Fund to date. It pledged US$25 million to the Global Fund’s Sixth Replenishment, covering 2020-2022.
Data updated on: 16 September 2021
South Korea’s contributions to the Global Fund are raised through an air ticket solidarity levy that finances the country’s Global Disease Eradication Fund. The Korean government introduced the levy in 2007, becoming one of the few G20 countries spearheading international efforts to create innovative solutions to raise resources for development.
Global health is a growing priority for South Korea’s international cooperation agenda. The Covid-19 pandemic has shed light on the “South Korean model” of pandemic response, providing opportunities for increased leadership in global health and health diplomacy. South Korea emphasizes the importance of health as a human right and an essential factor for socio-economic development, with a particular focus on equitable access to global public goods.
South Korea joined the Global Fund Board in 2018, assuming the seat that represents the Additional Public Donors constituency.
South Korea is the sixth largest supplier of essential health products to the Global Fund and the third largest supplier of diagnostic tests. Between 2008 and 2019, South Korea has provided over US $295 million worth of products, among which about 80% are diagnostic tests.