The standard grant period is one (1) year. In exceptional circumstances, multi-year grants are awarded for a maximum period of three (3) years. You must complete your grant/project by the end date designated in your application and agreed by the Australia-Korea Foundation Board. Following the grant/project period end date, an evaluation period of one month (30 days) will commence.
A grant extension of up to one year (12 months) from the original grant end date, with no additional funding, may be considered in exceptional circumstances (subject to performance). An extension can be requested but must be confirmed and approved by the Australia-Korea Foundation Secretariat in writing.