The United States and South Korea Sign a Memorandum of Understanding on Development Cooperation

October 1, 2019
Office of Press Relations

On September 30, U.S. Agency for International Development (USAID) Assistant to the Administrator Chris Maloney signed a Memorandum of Understanding (MOU) with the Director-General for Development Cooperation of the Ministry of Foreign Affairs (MOFA) of the Republic of Korea, Oh Hyunjoo, to strengthen the global partnership in development between the two countries. Building on the long-standing and deep friendship between the United States and the Republic of Korea, this MOU showcases democratic, shared values, and a commitment to supporting governments, civil society, and the private sector in partner countries on their Journeys to Self-Reliance.

The MOU establishes a framework for expanding collaboration in the field of development, based on the New Southern Policy of the Government of the Republic of Korea and the Indo-Pacific Strategy of the United States Government; and furthering cooperation in economic development, women’s empowerment, the digital economy, health, and education.

With this MOU, USAID and MOFA, pledge to strengthen and expand cooperation by bringing to bear each country’s unique expertise and comparative advantage to support partners on their Journey to Self-Reliance. [Read the full MOU here.]