One of Gavi’s first Asian sovereign donors, the Republic of Korea became a Gavi donor in 2010, with an initial contribution of US$ 1 million over 2010–2012. Korea subsequently increased its support through successive multi-year commitments. A US$5 million pledge for 2013–2017 was followed by an increase to US$ 4 million annually for 2015–2017, later extended through 2018. Following the establishment of Korea’s Global Disease Eradication Fund in 2016, its engagement with Gavi continued to grow, with Korea pledging US$ 5 million annually for 2019–2021 and becoming the first donor to commit support extending into Gavi’s 2021–2025 strategic period (Gavi 5.0/5.1).

At the Global Vaccine Summit in June 2020, Korea increased its commitment to US$ 30 million for Gavi 5.0/5.1. Korea also emerged as a major contributor to the Gavi COVAX Advance Market Commitment (AMC). Following an initial contribution of US$ 10 million, Korea announced an additional US$ 200 million for 2021–2022. At the time, this represented Korea’s largest-ever pledge to a single health-related multilateral organisation. At Gavi’s 2023 Mid-Term Review, Korea pledged a further US$ 70 million, bringing its total contribution to the COVAX AMC to US$ 280 million.

Overall, Korea contributed US$ 310 million during the Gavi 5.0/5.1 period, comprising US$ 30 million in core support and US$ 280 million to the COVAX AMC. Building on this partnership, Korea has committed a further US$ 50 million to Gavi 6.0 (2026–2030), demonstrating its continued commitment to global immunisation and its growing role as a strategic global health partner. 

Proceeds to Gavi 6.0 as of 30 June 2026†
Contributions to Gavi Board approved financing instruments

*Local currency

†Proceeds are the funds that Gavi receives from donor commitments, either through direct donor payments, funding raised in advance against future donor pledges through IFFIm, or AMC funds released by the World Bank.

Contributions and pledges per strategic period (US$ millions)

Hover over the bar chart above to view the data

Direct Contributions (including Matching Fund)

Non-US$ contributions are converted to US$ as follows:

  • Before Gavi 6.0 (2000–2025): exchange rate on date of receipt; where hedged (2014–2025), the hedge rate applies instead.
  • Gavi 6.0 (2026 onward, received & future contributions and Matching Fund Pledges): Bloomberg replenishment rate, 16:00 London time, 25 June 2025.

IFFIm Contributions

Non-US$ contributions are converted to US$ as follows:

  • Received Contributions: rate confirmed by the World Bank's International Bank for Reconstruction and Development (IBRD).
  • Future, signed contribution agreements: exchange rate at time of signing.
  • Future, unsigned contribution agreements: Bloomberg replenishment rate, 16:00 London time, 25 June 2025.

 

All donors