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Korea, World Bank to strengthen partnership

PUBLISHED : April 21, 2017 - 15:30

UPDATED : April 21, 2017 - 15:30

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[THE INVESTOR] Korea’s finance minister held a meeting with the World Bank Group president to discuss ways to expand cooperation, the Finance Ministry said on April 21.

Finance Minister Yoo Il-ho met with WBG President Jim Yong Kim in Washington on April 21 on the sidelines of the G-20 Finance Ministers and Central Bank Governors meeting. They agreed that the organization‘s Seoul office will play a leading role in carrying out development projects for the Asia-Pacific region.

Opened in 2014, the World Bank office, headquartered in Songdo, west of Seoul, has participated in some infrastructure projects in developing countries including Pakistan and China.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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