This study suggests ultimate direction on Korea's International Economic Cooperation and its strategy by classifying three sub-countries: advanced, northern districts and developing nations.

The rest of the paper is organized as follows. Section II provides policy direction for Korea's international economic cooperation, dividing capital cooperation with advanced nations, economic cooperation with northern district nations and aid cooperation with developing nations. Section III explores the appropriate scale of foreign capital cooperation. Section IV seeks the ways for the linkage with public and private sector. Section V suggests ultimate direction on the Korean government's foreign policy and strategy. Section VI describes appropriate capital cooperation.