SEOUL, Sept. 30 (Korea Bizwire) – South Korea’s soaring housing prices, like those in other Asian countries, can cause downside risks for the broader economy, a report by the Asian Development Bank (ADB) said Sunday. In the updated version of the Asian Development Outlook, the international development financial institution warned that elevated housing prices threaten [...]
SEOUL, March 14 (Korea Bizwire) – South Korean President Moon Jae-in on Wednesday promised his country’s continued cooperation with the Asian Development Bank (ADB), hailing the bank’s role in the development of countries in the region. “ADB’s contribution to the development and growth of our Asian region has been great. I believe ADB’s role will continue to be very important in the [...]
“In terms of the AIIB, will it affect the relationship with the Republic of Korea? The answer is no. The U.S. welcomes a better relationship between Beijing and Seoul. We want good relations between Seoul and Beijing, Washington and Beijing, and especially Washington and Seoul. Our relationship is one that is unbelievably strong right now, [...]