RoK asks Indonesia, Vietnam to boost financial cooperation

The Republic of Korea's Financial Supervisory Service (FSS) said on March 21 that it has asked Indonesia and Vietnam to step up cooperation in the financial sector, in line with Seoul's policy aimed at deepening ties with Southeast Asia.
rok asks indonesia vietnam to boost financial cooperation

Yonhap news agency cited a FSS statement as saying that Yoo Kwang-yeol, first senior deputy governor of the FSS, is on a five-day visit to Indonesia and Vietnam from March 19 during which he discussed issues of mutual concern with his counterparts.

In Indonesia, Yoo and Wimboh Santoso, head of the Southeast Asian country's financial regulator, agreed to bolster cooperation in the sectors of fintech and supervision of cryptocurrencies.

Meanwhile, in Vietnam, the FSS official asked his Vietnamese counterparts to lend more support to Korean financial firms doing business there.

The RoK has sought stronger economic relations with Southeast Asian nations under President Moon Jae-in's New Southern Policy.

Source: VNA

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