The purpose of this study is to examine the historical, conceptual and policy context of higher education in international development cooperation, and to examine the implications of Korea’s international higher education programs in the context of sustainable development. To this end, this study reviews policy and academic related literatures and international and national discussions on the roles of higher education in international development. In addition, this study analyzes the KOICA’s flagship academic cooperation program, which is carried out under the public-private cooperation projects in Korea. The case study examined the program itself and 52 implemented proejcts, while using mixed methods such as literature review, questionnaire survey and individual and focus group interviews with stakeholder from experts, aid agencies and project executing universities and research institutes. This study finds that the case of the program consistently considered linkages with the international initiatives such as MDGs and SDGs, and has contributed to knowledge achievement of participants in terms of international development. However, there are the structural limitations of Korean universities and research institutes in terms of institutional, financial and administrative sustainability as well as a lack of strategic discussions on social responsibilities of the HEIs. In conclusion, the study emphasizes the need for the institutional, organizational and leadership awareness of global social responsibilities of higher education as well as expanding discussions in regards to relevant policy discussions.