Yonhap (South Korea)
Yonhap quoted Mr Yoon Jeung hyun finance minister of South Korea as saying that the country is aggressively seeking to play a role in the development of the Mekong River region.
The official said at the multinational Mekong Development Forum in Seoul co hosted by the Ministry of Strategy and Finance and the Asia Development Bank, which South Korea wants to increase financial support, expand technological cooperation and investment with countries along the key Southeast Asian river.
He also said that Seoul could play a key part in the development of a harmonized and integrated economic infrastructure for the so called Greater Mekong Subregion made up of Cambodia, China, Laos, Myanmar, Thailand and Vietnam.
Mr Yoon said that while the GMS countries have made considerable strides to promote growth, South Korea can become a firm supporter in the future by sharing its past experiences in building up its economy.
The finance ministry, meanwhile, said that the gathering has allowed South Korea and the ADB to start joint consulting projects to GMS countries and to extend the USD 3.5 billion bilateral cooperative arrangement that can be used by the international organization to finance various development projects.
The forum, in addition, has laid the foundation for closer two way cooperative ties, which could allow local companies to take part in future development works in such areas as nuclear reactor building, business investments and eco friendly green growth strategies.
Besides support given through the ADB, the country committed USD 2.2 billion to development programs through its official development program and pledged to increase the size of support funds three fold by 2015.
South Korea's private sector investment to GMS excluding China totaled USD 9.1 billion in 18,000 projects, making it a key overseas destination for South Korean companies.
Seoul has said that closer cooperation with the GMS countries can help diversify its trading partners and tap into a resources rich region with considerable growth potential. Countries along the Mekong are rich in oil, natural gas, wood and rubber.
The official said at the multinational Mekong Development Forum in Seoul co hosted by the Ministry of Strategy and Finance and the Asia Development Bank, which South Korea wants to increase financial support, expand technological cooperation and investment with countries along the key Southeast Asian river.
He also said that Seoul could play a key part in the development of a harmonized and integrated economic infrastructure for the so called Greater Mekong Subregion made up of Cambodia, China, Laos, Myanmar, Thailand and Vietnam.
Mr Yoon said that while the GMS countries have made considerable strides to promote growth, South Korea can become a firm supporter in the future by sharing its past experiences in building up its economy.
The finance ministry, meanwhile, said that the gathering has allowed South Korea and the ADB to start joint consulting projects to GMS countries and to extend the USD 3.5 billion bilateral cooperative arrangement that can be used by the international organization to finance various development projects.
The forum, in addition, has laid the foundation for closer two way cooperative ties, which could allow local companies to take part in future development works in such areas as nuclear reactor building, business investments and eco friendly green growth strategies.
Besides support given through the ADB, the country committed USD 2.2 billion to development programs through its official development program and pledged to increase the size of support funds three fold by 2015.
South Korea's private sector investment to GMS excluding China totaled USD 9.1 billion in 18,000 projects, making it a key overseas destination for South Korean companies.
Seoul has said that closer cooperation with the GMS countries can help diversify its trading partners and tap into a resources rich region with considerable growth potential. Countries along the Mekong are rich in oil, natural gas, wood and rubber.
No comments:
Post a Comment