Republic of Korea to double contribution to Global Fund over next three years

The Global Fund “welcomed an announcement by the Republic of Korea to double its contribution to the Global Fund over the next three years by drawing on the proceeds of a levy on airline tickets.” The Korean Ministry of Health will contribute US$6 million to the Global Fund for 2014-16. An additional US $10 million, from a levy on all passengers leaving Korea on international flights, will be paid by the Korean Ministry of Foreign Affairs to the Global Fund in five annual installments of $2 million from 2013-17. The 1,000 won (US $0.95) levy, known as the Global Poverty Eradication Tax, was introduced in 2007, primarily to contribute financial resources to fight poverty and disease in impoverished countries. Korea has contributed US$19 million since it started lending financial support to the Global Fund in 2004, of which US$6 million was pledged for the 2011-13 period.
http://www.theglobalfund.org/en/mediacenter/newsreleases/2013-11-21_Republic_of_Korea_Boosts_Contribution_to_Global_Fund/