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Eximbank opens center to study inter-Korean economic development

April 16, 2014 - 20:31 By Korea Herald
The state-run Export-Import Bank of Korea said Wednesday it has opened a center to study inter-Korean economic development and integration to support the government policy on national unification.

Eximbank said the center will study issues related to North Korean economic development and provide its views on North Korea policy. It will also research ways to revive inter-Korean economic cooperation and help the North serve as a member of the international community, the bank said.

Eximbank is entrusted by the government to operate the inter-Korean cooperation fund and the economic development cooperation fund.

The new center will conduct studies on cutting the costs of unification and help establish specific action plans for development projects by using its experience in operating state funds, the bank said.

Bank of Korea Gov. Lee Ju-yeol said last week that the central bank is also considering setting up a team to deal with currency and economic integration related to inter-Korean unification. (Yonhap)