President Moon Jae-in says South Korea plans to offer 100 million U.S. dollars in grants for the COVAX Advance Market Commitment this year to help developing countries.
On Saturday, he attended an expanded G7 session on healthcare where he stressed that the most essential short-term remedy is to expand supplies in order to guarantee fair access to COVID-19 vaccines.
The leaders didn't wear masks themselves likely in line with the speeding up of their countries' vaccination campaigns.
The COVAX AMC is a mechanism intended to make COVID-19 vaccines available at low cost for developing countries with relatively low incomes.
The president said that Seoul will provide cash or materials worth 100 million dollars next year as well.
President Moon is taking part in the G7 Summit at the invitation of British Prime Minister Boris Johnson, the host of this year's meeting.
Also taking part as guests are Australia, India and South Africa.
On Saturday, he also attended a welcome ceremony and a dinner for the leaders and their partners and held a string of bilateral summits with other global leaders on site.
Seoul's top office says Moon's invitation reflects South Korea's increased global status and will serve as an opportunity to expand its diplomatic horizons.
Moon is scheduled to participate in two more expanded sessions on Sunday related to open societies and climate.
In the afternoon, he will head to Austria for a state visit, which will be followed by a state visit to Spain.
Kim Min-ji, Arirang News.