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Korea Finance Corp names GIC preferred investment partner
- Kuwait: Sunday, January 13 - 2013 at 03:00
Kuwait-based Gulf Investment Corp (GIC) has announced the signing of a memorandum of understanding in Dubai with the Korea Finance Corp (KoFC), Kuna has reported. Under the agreement, GIC will be the state-owned KoFC's preferred partner for investments in the GCC region. KoFC provides financing to projects undertaken by Korean firms to aid in their international growth. "This is an area where GIC can play a key role in helping to bridge the transfer of Korean technology, know-how and funding into the GCC region," GIC said.
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