The Republic of Korea's relationship with IFC has grown over the last 50 years from a recipient country to a key partner in outbound transactions and a significant source of mobilization and grants. Korea provides IFC with important donor funding through trust funds which enable IFC to provide technical assistance to clients in developing countries, especially in industries and regions that are aligned with Korea's international development priorities. IFC and Korean private sector partners have also been working closely to develop projects and investment opportunities in emerging markets. These engagements cut across various sectors including renewable energy, manufacturing, and financial institutions.