Finance ministers of South Korea, China and Japan will tackle on Oct. 13 a speedier process of creating an USD80 billion fund to help shield Asia from the impact of the global financial crisis. The three nations have yet to finalize the details of the financial scheme including the contribution of each country and the decision-making process. “It is necessary for the three countries to actively cooperate as U.S. financial turmoil may spread to the real economy,” said Shin Je-Yoon, South Korea’s deputy minister for international affairs. (AFP)
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
