Abstract
Joining OECD/DAC a year ahead, South Korea’s program of Official Development Assistance (ODA) is facing new challenges of reshaping a solid policy framework that would make Korea’s ODA more efficient and accountable. In this juncture, an ODA law is likely to be enacted in a near future as shown by the Public Hearings held by the National Assembly in April 2009. Korea, as a rare case, has succeeded to transform itself from a recipient to an emerging donor and enlarges the amount of its ODA recently. However it has to not only set force the rationale, objectives, strategies but, among many other tasks, make aid system coherent and evaluation process transparent. Thus it is now a right time for reshaping Korea’s overall ODA policy. Within these contexts, this paper discusses major points at issues of presented bills right after presenting the necessity of enactment of an ODA law. Then it suggests some recommendations to be included in the new ODA law.
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