Recent trends in international development cooperation show a shift away from the dominance of traditional donor countries, with the rise of emerging donors such as China, India, and Brazil, as well as the increasing involvement of non-state actors in...
Recent trends in international development cooperation show a shift away from the dominance of traditional donor countries, with the rise of emerging donors such as China, India, and Brazil, as well as the increasing involvement of non-state actors including public interest foundations, multinational corporations, and civil society organizations. These changes have diversified both the actors and modes of cooperation, expanding into new forms such as South-South and triangular cooperation. In particular, the use of Public-Private Partnership (PPP) models has been increasing in the construction of social overhead capital (SOC) infrastructure, allowing greater private sector participation. China has been actively expanding infrastructure investment in various countries through PPP models under the Belt and Road Initiative (BRI). However, the initiative has faced international criticism due to its state-owned enterprise-centered structure, lack of transparency, and limited public access to information. In this context, South Korean companies—with their advanced technological capabilities and strong international credibility—are well-positioned to contribute to more transparent and responsible partnership models that enhance the public interest and efficiency of BRI PPP projects. This study aims to improve the ethical and sustainable dimensions of Korea-China development cooperation by analyzing the characteristics and limitations of PPP projects within China’s BRI strategy, and by proposing strategic directions for Korean corporate participation based on mutual trust and responsible collaboration.