Financial Cooperation between Korea and the Middle East in a New Industrial and Financial Environment

4 Pages Posted: 28 Apr 2016 Last revised: 15 May 2016

See all articles by Kwon Hyung Lee

Kwon Hyung Lee

Korea Institute for International Economic Policy

Sung Hyun Son

Korea Institute for International Economic Policy

Jaeeun Park

Korea Institute for International Economic Policy

Date Written: October 23, 2015

Abstract

For the financial cooperation between Korea and the Middle East after the global financial crisis and the Arab Spring Korean commercial financial institutions should enhance global financial capability together with policy finance institutions including Korea Development Bank and Korea Eximbank. The second step would be to build the Korea-Middle East financial network in a more systematic manner. To this end, Korean financial institutions should work to raise brand awareness by venturing as actively as possible into local markets. Third, it is advisable to identify investment projects that allow for broader private participation in countries aside from the GCC such as emerging economies in the Middle East, Africa and Central Asia, so as to find opportunities for joint investment.

Keywords: financial cooperation, Middle East, development finance

Suggested Citation

Lee, Kwon Hyung and Son, Sung Hyun and Park, Jaeeun, Financial Cooperation between Korea and the Middle East in a New Industrial and Financial Environment (October 23, 2015). KIEP Research Paper No. World Economy Update-15-21, Available at SSRN: https://ssrn.com/abstract=2771085 or http://dx.doi.org/10.2139/ssrn.2771085

Kwon Hyung Lee (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Sung Hyun Son

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jaeeun Park

Korea Institute for International Economic Policy ( email )

Seoul 137-602

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