Stay informed with the latest updates and news from KGGTF's donor, the Ministry of Economy and Finance of the Republic of Korea (MOEF).
1. MDB Procurement Seminar held in Seoul (MDB Project Plaza) | Read here (Korean)
The 2025 MDB Procurement Seminar, held on Nov. 25–26 at Seoul’s JW Marriott Hotel, organized by MOEF, MOTIE and KOTRA, brought together six major MDBs—including the World Bank, ADB, and AfDB—along with 26 overseas procurement agencies and more than 130 Korean firms. The event featured forums, trust fund sessions, and one-on-one consultations, giving Korean businesses direct access to global infrastructure opportunities.
KGGTF participated on the first day, presenting an MDB session to introduce the trust fund and explain how partners can collaborate with World Bank operations through its facilitation.
2. First Vice Minister Lee Hyoung Il Explores Directions for Korea-Central America Economic Cooperation with CABEI Executive President | Read at (Korean) (English)
On November 21, First Vice Minister Lee Hyoung Il met with CABEI Executive President Gisela Sanchez at the Government Complex-Seoul, marking her first visit to Korea since taking office. President Sanchez highlighted CABEI’s recent governance reforms and its upgraded credit rating, while VM Lee welcomed her efforts to improve transparency and expressed hope for deeper bilateral cooperation.
During the meeting, both sides signed an amended agreement on the Korea-CABEI Technical Cooperation Trust Fund to boost its operational efficiency and support Korean companies’ entry into the Central American market. VM Lee also encouraged greater participation of Korean professionals at CABEI, with President Sanchez affirming the Bank’s commitment to hiring Korean talent.
3. Side Events for the Global Voluntary Carbon Market was Held at the UNFCCC COP30 | Read at (Korean) (English)
On November 13–14, 2025, Korea’s Ministry of Economy and Finance (MOEF) promoted the Global Voluntary Carbon Market (GVCM) at COP30 in Brazil, with events held at both the Korea Pavilion and the UNFCCC Pavilion. These events marked MOEF’s first international announcement of the GVCM initiative, following recent agreements with the UNFCCC and GGGI. The GVCM aims to enhance the credibility and transparency of global carbon trading by aligning with the Paris Agreement and leveraging advanced technologies like AI and blockchain.
Key partners—including the UNFCCC, GGGI, and the World Bank—joined MOEF in presenting plans to build capacity, develop high-integrity methodologies, and support international trading, especially for developing countries. Full-scale GVCM programs are set to launch in 2026, positioning Korea as a leader in global climate action and carbon market innovation.
4. The launch of the International Financial Institutions Talent Registration System | Read here (Korean)
Korea’s Ministry of Economy and Finance unveiled the International Financial Institutions Talent Registration System on November 17, 2025, offering a streamlined platform for those pursuing careers at organizations such as the IMF, World Bank, and ADB. Users can register their credentials and receive tailored job alerts, benefiting from two-way matching and direct access to global recruitment opportunities.
Designed for both emerging and seasoned professionals, the system also features information on internships, JPO programs, and mid-career roles for Korean nationals. With additional resources like guides and webinars, this initiative is set to strengthen the global presence of Korean talent in international financial institutions.
5. Deputy Prime Minister delivers opening remarks at the 7th Korea–Latin America Business Summit (KOR) | Read here (Korean)
Celebrating the 20th anniversary of Korea’s membership in the Inter-American Development Bank (IDB), the 7th Korea-LAC Business Summit convened at the Conrad Hotel in Seoul on October 27, 2025. Deputy Prime Minister Kyungho Choo welcomed leaders from Latin America and the Caribbean, emphasizing the expanding partnership in technology, infrastructure, and inclusive growth.
The summit spotlighted future collaboration, with Korea pledging to drive AI transformation, reinforce critical mineral supply chains, and broaden energy infrastructure. Announcements included plans for an IDB AI Hub in Seoul and new financing mechanisms, further positioning Korea as a catalyst for innovation and sustainable development in the region.
6. DPM Koo Meets with IDB President Ilan Goldfajn | Read here (Korean)
On October 27, Deputy Prime Minister Koo Yun Cheol met with IDB President Ilan Goldfajn at the Conrad Seoul Hotel during the 7th Korea-LAC Business Summit. President Goldfajn celebrated Korea’s 20 years with the IDB and its contributions to Latin America and the Caribbean, while Deputy Prime Minister Koo emphasized the summit’s role in shaping future cooperation.
The two leaders signed a Letter of Intent to boost collaboration in artificial intelligence, critical minerals, and energy, and agreed to pursue a Korea AI Hub to support Korean companies entering the LAC market. They also discussed expanding opportunities for Korean professionals at the IDB, with ongoing initiatives such as recruitment seminars and internships.
7. DPM Koo Meets with Executive Director of the GCF to Discuss Ways to Strengthen Korea-GCF Cooperation | Read at (Korean) (English)
Deputy Prime Minister Koo Yun Cheol met with GCF Executive Director Mafalda Duarte in Seoul to discuss strengthening Korea–GCF cooperation on October 24. The Ministry emphasized leveraging climate action and AI innovation for future growth and called for deeper collaboration with organizations like GGGI and ADB K-Hub. The meeting also saw the signing of an MOU to launch a Junior Professional Officer (JPO) program at the GCF, with the first cohort planned for 2026.