ASEAN-ROK Cooperation Project
The ASEAN-ROK Cooperation Fund, established in 1990, has been operated with an annual budget of USD 7 million (started in 2015) funded from the Korean government, totaling USD 66,762,001.75 through the end of 2014. The ASEAN-ROK Cooperation Fund conducts a variety of projects and activities in the areas of development cooperation, technology transfer, human resource development, people-to-people exchanges, and exchanges between intellectuals and culture through the agreement between Korea and ASEAN. In its sub-levels, the ASEAN-ROK Future-Oriented Cooperation Project Fund mainly aims to promote people-to-people exchanges, while the ASEAN-ROK Special Cooperation Fund focuses more on implementing cooperation projects to bring about tangible benefits in each field. The ASEAN-ROK Cooperation Fund has been recognized to have substantially bolstered cooperative ties between the two sides and to have furthered development among and within ASEAN countries.