Sooeun Presents Directions for Financial Cooperation with New Northern Countries

3rd Northern Forum Financial Cooperation Session Held

[Asia Economy Reporter Kim Jin-ho] The Export-Import Bank of Korea (KEXIM), together with the Northern Economic Cooperation Committee (hereinafter referred to as the Northern Committee), announced that it held the "3rd Northern Forum" on the 18th at the Shilla Hotel in Seoul under the theme "30 Years of Northern Cooperation, Towards a Future of Peace and Prosperity."

At the forum, key topics discussed included diagnosing global issues and solutions in the post-COVID era, as well as sustainable economic and financial cooperation measures. KEXIM presented directions for revitalizing financial cooperation and financial support with new Northern countries during the forum.

At the opening ceremony, congratulatory video messages from President Moon Jae-in and the heads of state from six countries including Russia, Kazakhstan, Uzbekistan, Turkmenistan, and Mongolia were screened. Through these messages, the leaders of the Northern countries collectively expressed their support for Northern economic cooperation and their interest and expectations for the Northern Forum.

KEXIM hosted the financial cooperation session under the theme "The Role and Challenges of Finance in the Eurasian Region in the Post-COVID Era" at this forum. The financial cooperation session was attended by policy officials from Northern countries such as Naranjokht Sanjaa, Deputy Minister of Finance of Mongolia, and Shukhrat Bapayev, Deputy Minister of Foreign Investment and Trade of Uzbekistan, as well as representatives from multilateral development banks (MDBs), to discuss financial demand and cooperation measures in the Eurasian region.

Kim Hyung-jun, Deputy Governor of KEXIM, who served as a presenter, outlined KEXIM's financial support directions for new Northern countries through recent trends of Korean companies entering new Northern countries, various financial support tools to activate financial cooperation, and actual support cases in the health and energy sectors.

Additionally, Um Woo-jong, Secretary General of the Asian Development Bank (ADB), introduced financial support strategies for economic recovery in the Eurasian region. The Ministry of Finance of Mongolia and the Ministry of Foreign Investment and Trade of Uzbekistan also presented their respective experiences in infrastructure development plans and creating an investment attraction environment.

This content was produced with the assistance of AI translation services.