JEJU-DO < invest Korea

According to Yonhap News,

Hundreds of officials from South Korea, the World Bank and developing nations gathered on the southern resort island of Jeju on Monday to discuss strategies for sustainable growth and major projects partly funded by South Korea, Seoul's finance ministry said.

The forum, which kicked off on the day for a three-day run, was meant to check major projects launched by the Korea Green Growth Trust Fund and share Seoul's experiences and technologies regarding green growth with developing nations, according to the ministry.

The meeting brought together about 180 officials from the South Korean government and major companies, 80 officials from the World Bank and some 130 officials from 16 developing nations, including South Africa, Mongolia, Yemen, Uzbekistan and Colombia.

South Korea has provided US$210 million to the trust fund, which was created by the World Bank in 2012 and currently supports 237 projects in 86 nations across the globe.

"South Korea will continue to expand contributions to nations prone to climate change," ministry official Moon Ji-sung told the forum.


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Source: Yonhap News (November 4, 2024)