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Innovative financing taskforce holds first meeting
4 Views • Apr 30, 2019
Description
A new joint task force of top officials from the government and financial institutions has announced concrete plans for President Moon's vision of "innovative finance."
They held their first meeting today.
In it, the heads of major financial groups and banks... set a goal of lending and investing a total of around 193 billion U.S. dollars.
From the banks, around 86 billion over the next three years, and from investment groups, 107 billion in the next five years.
Leading the taskforce, the chairman of the Financial Services Commission, Choi Jong-ku, said innovative finance requires cooperation from the private sector, and considering the state of the economy, it's important to make the shift now.
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