pleased to report that the Fund is now in full operation and will continue to be expanded in the future. At the same time, it is also encouraging to see Korea's growing investment in developing countries, which now accounts for: almost half of its total overseas investment. We believe that overseas investment, as a package of capital, technology, and marketing skills, will make an effective contribution to the industrial develoPment of recipient developing countries. JP/jq A/S-18/PV. 4 165 (Mr. Yoo;. ·RePUblic of· Korea) In addition, the Korean Government has also initiated co-operative activities within the framework of the United Nations system by establishinq the Korea-ESCAP (Economic and Social C~mmission for Asia and the Pacific) Co-operation Fund and in 1987 made oontributions to the United Nations Industrial Development Orqanization Trust Fund in 1989. Our contributiors to those two Funds are desiqned to expand our economic and technical en-operation schemes on a multilateral basis. With the establishment of Korea Youth Volunteers and participation in the United Nations Volunteers proqramme in 1990, our development co-operation will enter a new staqe. We believe the two proqrammes will provide Korea's younq qeneration with invaluable experience in development co-operation and contribute to pronotinq qenuine partnership between Korea and other developinq countries. As we enter the last decade of the present century, we are filled with renewed confidence in multilateralism for development co-operation. We are convinced that the United Nations, as a unique forum to address development issues in a comprehensive and inteqrated manner, should continue to play a pivotal role in meetinq the increasinqly diversified and qrowinq needs of the international community. For its part, the RePUblic of Korea stands firm in its commitment to the qreat cause of peace and common prosperity set out in the Charter of the United Nations. As Korea continues to proqress, it is PrePared to assume oorrespandinq obliqations 
**Analysis**
The text primarily focuses on the economic development of Korea and its international cooperation efforts, particularly in the context of development aid and investment. The mention of the establishment of funds, investment in developing countries, and cooperation with international organizations such as the United Nations suggests that the text is more closely related to economic development and international cooperation.

**Category**
Economic development, International trade