BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Finance > article

S. Korea inks deal to join Central American multilateral development bank: Yonhap

Park Sae-jin Reporter(swatchsjp@ajunews.com) | Posted : December 29, 2018, 23:03 | Updated : December 29, 2018, 23:03
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of the Ministry of Economy and Finance]


SEOUL --  South Korea has signed a deal to join a multilateral development bank in Central America to tap deeper into the region's infrastructure projects, Seoul's finance ministry said Friday.

The accession protocol was signed between Lee Ho-seung, vice economy minister, and Dante Mossi, executive president of the Central American Bank for Economic Integration (CABEI), at the government complex building in central Seoul.

This photo provided by the Ministry of Economy and Finance shows Vice Minister Lee Ho-seung (R) shaking hands with Dante Mossi, executive president of the Central American Bank for Economic Integration, during a signing ceremony at the government complex building in central Seoul on Dec. 28, 2018. (Yonhap)

hide caption
South Korea is set to provide US$112.5 million to the Central American financial institution in the next four years for a 7.6 percent stake, the second-largest held by a non-regional member after the 11.62 percent controlled by Taiwan, according to the Ministry of Economy and Finance.

South Korea is set to become the 15th member state of the multilateral lender once the deal is ratified by the National Assembly.

Founded in 1960, CABEI is aimed at extending loans to private and government-led development projects in the Central America region. It has 14 members, including Guatemala, Honduras and Costa Rica.

In February, South Korea signed a free trade agreement with five Central American countries, including Nicaragua, El Salvador and Honduras.

South Korea has clinched a series of free trade agreements with major trading partners, including the United States and China, as well as Chile, Peru and Colombia, in recent years as part of its efforts to boost growth in the country's export-driven economy.

(YONHAP)

  • Park Sae-jin Reporter
  • email : swatchsjp@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Southern city launches joint research project to develop heavy-duty flying taxi drone .
    Southern city launches joint research project to develop hea…
  • .S. Korea starts demonstration of joint test plant for 3D-printed medical devices.
    S. Korea starts demonstration of joint test plant for 3D-pri…

Real Time Photo News

  • .Kakao units merged into entertainment company targeting global market.

    Kakao units merged into entertainment company targeting global market

  • .BLACKPINK member Rosé to premiere solo song through online concert.

    BLACKPINK member Rosé to premiere solo song through online concert

  • .Singer HyunA to end 14-month hiatus with mini-album Im Not Cool.

    Singer HyunA to end 14-month hiatus with mini-album 'I'm Not Cool'

  • .NCSofts global K-pop fan community platform to service original content including songs.

    NCSoft's global K-pop fan community platform to service original content including songs

  • .Singer IU drops teaser image for upcoming full album.

    Singer IU drops teaser image for upcoming full album

Latest News

more+

  • Digital supermodel Shudu to collaborate with virtual social media influencer in S. Korea
  • Kakao units merged into entertainment company targeting global market
  • S. Korea completes development of wheel-type command post vehicle
  • BLACKPINK member Rosé to premiere solo song through online concert
  • Hyundai shipyard's virtual commission solution wins Lloyd's basic approval
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view