South Korea additionally contribute US$300 million to U.N. Green Climate Fund (GCF)

The U.N. Green Climate Fund (GCF) welcomed South Korea's decision to additionally contribute US$300 million to the fund as part of the country's efforts to help combat climate change.

South Korea has already made two contributions to the fund, US$100 million in 2013 and US$200 million during the 2020-23 fundraising period. The GCF is the world's largest climate fund, based in the South Korean port city of Incheon, 30 kilometers west of Seoul, and tasked with helping developing nations fight climate change. GCF is the world’s largest climate fund – currently a USD 12.8 billion fund, with USD 48.3 billion total assets under management, supporting developing nations to respond to the climate crisis by funding mitigation and adaptation projects.