SEOUL, Sept. 4 (Korea Bizwire) — South Korea and Ethiopia have held a policy consultation meeting on envisioned joint projects in energy, transportation and health care fields through the cooperation fund, Seoul’s finance ministry said Wednesday. During the meeting held in Addis Ababa on Tuesday, the two nations chose energy, transportation and health and medical [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea has clinched an agreement with Ukraine to offer low-interest loans to the war-torn nation to help its reconstruction projects, the finance ministry said Friday. Kim Hyung-tae, South Korea’s ambassador to Ukraine, and Ukrainian First Vice Prime Minister Yuliia Svyrydenko signed the agreement in Kyiv earlier this week [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea plans to set aside 11.7 trillion won (US$9.48 billion) in low-interest rate loans for developing countries by 2025 and seek a new partnership in war-torn Ukraine as well, the finance ministry said Thursday. Under the Economic Development Cooperation Fund (EDCF), South Korea plans to approve 3.8 trillion [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea plans to nearly triple its lower-interest loans for the digital and green energy projects sought after by emerging countries by 2025, the finance ministry said Monday. The country will increase the Economic Development Cooperation Fund (EDCF) in the digital and green energy fields to US$1.4 billion in [...]
SEOUL, Nov. 23 (Korea Bizwire) – South Korea agreed Thursday to provide financial support worth up to US$2.5 billion toUzbekistan, including $500 million in official Economic Development Cooperation Fund (EDCF) loans, the presidential office Cheong Wa Dae said. The pledge came as part of the economic cooperation agreements signed shortly after a bilateral summit between South Korean President Moon Jae-in and his Uzbek counterpart, [...]
SEOUL, June 23 (Korea Bizwire) — Former Major League Baseball pitcher Park Chan-ho has provided equipment and a free lesson to a youth club in Vietnam, informed sources said Monday. Park, a goodwill ambassador for the Economic Development Cooperation Fund, met with the Hanoi-based club Hanoi Capitals last Friday, and offered them gloves and cleats, [...]
SEJONG, Apr. 16 (Korea Bizwire) — South Korea has pledged US$300 million to the World Bank for its program to build critical infrastructure in developing countries and deal with their environmental and energy issues, the government said Thursday. The finance ministry said the memorandum of understanding (MOU) reached in Washington on Wednesday calls for the [...]