Oct. 14 (Bloomberg) -- The World Bank plans to open an office in South Korea, according to an e-mailed statement from the Asian nation’s finance ministry.
Jim Yong Kim, president of the World Bank, and South Korea’s Finance Minister Bahk Jae Wan will tomorrow sign a memorandum of understanding to establish the office, according to the statement.
The agreement also includes creating a new cooperation fund between the two partners, the finance ministry said in the statement. It didn’t specify when the office will open.
To contact the editor responsible for this story: Jim McDonald at email@example.com