AGREEMENT BETWEEN THE REPUBLIC OF KOREA AND THE GREEN CLIMATE FUND CONCERNING THE HEADQUARTERS OF THE GREEN CLIMATE FUND

The agreement defines the legal framework for the Green Climate Fund's (GCF) operations in Songdo, Republic of Korea. It grants the GCF juridical personality and legal capacity, ensures the inviolability of its premises and archives, and provides extensive diplomatic privileges and immunities for its staff and board members. The Republic of Korea commits to providing the headquarters free of charge, offering specific financial contributions for administrative expenses and equipment, and facilitating the movement and residency of GCF personnel.

• The Green Climate Fund is granted juridical personality and legal capacity to operate internationally, which includes the ability to contract, acquire or dispose of property, and engage in judicial proceedings.
• The GCF headquarters is located in Songdo, Republic of Korea, and is designated as inviolable and under the control of the Fund.
• The Government of the Republic of Korea provides specific financial support: US$1,000,000 annually from 2013 to 2019 for administrative expenses and a one-time payment of US$1,400,000 for office equipment.
• The Fund and its property enjoy immunity from most legal processes, including seizure and expropriation, except where the Fund expressly waives immunity in writing, though this does not extend to measures of execution.
• The GCF is exempt from all direct and indirect taxes, including value-added tax, and customs duties on articles imported or exported for official use, subject to health and safety restrictions.
• Staff and Board members are granted various immunities, including immunity from legal process for official acts, and non-nationals are exempt from national service obligations and immigration restrictions.
• The Republic of Korea must facilitate the entry, transit, and residency of GCF representatives, staff, and experts, regardless of the diplomatic relations between Korea and the persons' home governments.

APA

Green Climate Fund (2013). AGREEMENT BETWEEN THE REPUBLIC OF KOREA AND THE GREEN CLIMATE FUND CONCERNING THE HEADQUARTERS OF THE GREEN CLIMATE FUND. https://www.greenclimate.fund/sites/default/files/document/headquarters-agreement.pdf

Chicago

Green Climate Fund. AGREEMENT BETWEEN THE REPUBLIC OF KOREA AND THE GREEN CLIMATE FUND CONCERNING THE HEADQUARTERS OF THE GREEN CLIMATE FUND. 2013. https://www.greenclimate.fund/sites/default/files/document/headquarters-agreement.pdf.

Wikipedia

{{cite press release |author=Green Climate Fund |title=AGREEMENT BETWEEN THE REPUBLIC OF KOREA AND THE GREEN CLIMATE FUND CONCERNING THE HEADQUARTERS OF THE GREEN CLIMATE FUND |date=2013 |url=https://www.greenclimate.fund/sites/default/files/document/headquarters-agreement.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{greenclimatefund2013agreement, author = {{Green Climate Fund}}, title = {{AGREEMENT BETWEEN THE REPUBLIC OF KOREA AND THE GREEN CLIMATE FUND CONCERNING THE HEADQUARTERS OF THE GREEN CLIMATE FUND}}, publisher = {Green Climate Fund}, year = {2013}, url = {https://www.greenclimate.fund/sites/default/files/document/headquarters-agreement.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }