S. Korea seeks further cooperation with AIIB

News Image

MG News | June 22, 2018 at 02:01 PM GMT+05:00

0:00

South Korea's finance ministry said Friday that it will seek to expand cooperation with a China-led infrastructure development bank, which will help more Korean firms participate in the lender's projects.

During the Asian Infrastructure Investment Bank (AIIB)'s annual meeting in Mumbai from Monday to Tuesday, Seoul's deputy finance minister Ko Hyung-kwon will hold a series of meetings with AIIB's top executives, including AIIB President Jin Liqun, to discuss mutual cooperation, according to the ministry.

The deputy minister plans to call for a greater participation by private investors in the bank's massive infrastructure development program, it added.

The multinational lender was set up in 2015 to fund infrastructure projects in Asia, and South Korea joined the AIIB as one of its founding members. The bank is widely viewed as a potential counterbalance to U.S.-led multilateral lenders, such as the Asian Development Bank, amid growing Chinese economic clout.

The bank has focused on building infrastructure that can effectively address challenges, including climate change and regional disparity, in a move that underscored its commitment to meeting sustainable development goals.

APP

 

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,095.00 119,265.00
118,675.00
565.00
0.48%
BRENT CRUDE 70.45 70.86
70.39
0.09
0.13%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.50 68.95
68.46
0.05
0.07%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 06:20 PM GMT+05:00

Pakistan, UK to sign Trade Dialogue ToRs


July 13, 2025 at 05:48 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 13, 2025 at 05:44 PM GMT+05:00

Inside NCCPL’s Rulebook Shift


July 13, 2025 at 01:57 PM GMT+05:00

Weekly Market Roundup


July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg