SEJONG, Feb. 25 (Korea Bizwire) – The South Korean government will set up a consultative body comprised of state-run policy lenders and private financial firms to help local firms win more business projects launched by the Asian Infrastructure Investment Bank (AIIB), the finance ministry said Thursday. Policy lenders including the Korea Development Bank, the Korea [...]
SEOUL/SEJONG, Nov. 13 (Korea Bizwire) – South Korea is engaged in a “partnership strengthening” endeavor with the Asian Infrastructure Investment Bank (AIIB) that can assist the mega institution in successfully engaging in future development projects, a senior official said Friday. Vice Finance Minister Joo Hyung-hwan said in a conference hosted by the Korea Chamber of [...]
“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, [...]
WASHINGTON, April 18 (Korea Bizwire) — South Korea will push for the introduction of a market-wide wage peak system as part of its efforts to help young people find jobs, the country’s top economic policymaker said Saturday. Speaking to reporters in Washington, Finance Minister Choi Kyung-hwan, said while the tripartite government-labor-management dialogue platform broke down [...]
SEJONG, March 26 (Korea Bizwire) – South Korea will join the China-led regional development bank as one of its founding members, the finance ministry announced Thursday, helping bolster the Asian neighbor’s growing clout in the region that is alerting the U.S. The ministry said the decision to become a member of the Asian Infrastructure Investment [...]