- Advertisement -The Korea Forest Service (KFS) and the Secretariat of the Convention on Biological Diversity (CBD) on Friday, January 23, 2026, signed a Memorandum of Understanding (MoU) on the implementation of the third phase of the Forest Ecosystem Restoration Initiative (FERI). Under the freshly signed MoU, the KFS is committing 700 million Korean Won yearly from 2026 to 2028 for the implementation of the Initiative, with a view to extend further financial support until 2030. Under this new MoU, the Initiative will continue to foster the participation of a wide range of actors, including indigenous peoples and local communities, the custodians of a sizeable portion of the planet’s biodiversity. The range of planned activities includes developing capacity, mobilising resources, and promoting the exchange of knowledge and best practices. In this way, FERI-supported activities will yield benefits across many of the targets of the KMGBF, including Target 2, pertaining to the restoration of 30 per cent of the world’s degraded ecosystems by 2030.