Govt. to Boost Overseas Project Financing
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- Govt. to Boost Overseas Project Financing
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저작자 미상 (저작물 2267374 건)
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- 2011-03-09
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The Korean government may be expanding financing for its exports of overseas power plants.
Yonhap News Agency reported on Wednesday that the Ministry of Strategy and Finance‚ along with other government agencies and financial institutions‚ are planning to introduce comprehensive measures to boost financial support for such exports.
This comes after domestic consortiums recently lost two deals to Japan.
Citing a high-ranking government official‚ the report said the reason Korea failed to win the bids to build nuclear power plants in Turkey and Vietnam is something the government attributes to a lack of project financing.
According to the report‚ the finance ministry is planning to establish an 'Overseas Project Task Force Team' with related government agencies and financial institutions such as the Financial Services Commission and Korea Development Bank.
The task force team will reportedly come up with measures to tackle the problem and the draft of the plan will be reviewed by related ministers and finalized by as early as the end of this month.
"However‚ the finance ministry says although it's seeking ways to enhance support measures for the financing of such projects‚ no specific plans have been made as of now.
Hwang Sung-hee‚ Arirang News."
Reporter : ssung86@arirang.co.kr
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