United States and Republic of Korea Sign Framework to Strengthen Infrastructure Finance and Market Building Cooperation

Washington – The United States and Republic of Korea today signed a Memorandum of Understanding (MOU) to Strengthen Infrastructure Finance and Market Building Cooperation. The Memorandum, signed by U.S. Secretary of the Treasury Steven T. Mnuchin and Korean Deputy Prime Minister and Finance Minister Hong Nam-ki, is a cooperative initiative designed to support infrastructure development in the Indo-Pacific region through market-oriented, private sector investment.“The MOU signed today recognizes and reaffirms the important economic and trade relationship between the United States and the Republic of Korea and complements ongoing efforts to promote free, open, and competitive economies in the Indo-Pacific region,” said Secretary Mnuchin.