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South Korea, AIIB discuss boosting finance and infrastructure ties


South Korea and the Asian Infrastructure Investment Bank (AIIB), led by China, discussed enhancing bilateral cooperation in finance and joint infrastructure projects. The talks occurred in Seoul between South Korean Finance Minister Choo Kyung-ho and AIIB President Jin Liqun. Choo emphasised support for South Korean firms in AIIB investments and partnerships between South Korean financial institutions and the AIIB. He also sought increased employment of South Koreans at the AIIB. Jin expressed hope for stronger financial and infrastructure collaboration, acknowledging South Korea’s economic development expertise and technological prowess. South Korea is the AIIB’s fifth-largest stakeholder, with China leading, followed by India, Russia, and Germany. Founded in 2016, the AIIB focuses on sustainable economic development in Asia, with South Korea as one of its 57 founding members.

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