1. The government of the Republic of Korea has decided to muster capabilities of the government and the private sector in 2017 to increase support for efforts to win from foreign countries infrastructure and other construction orders; to enhance the stability of the country’s financial and foreign exchange markets; and to actively manage the country’s sovereign rating. To that end, the government appointed ambassadors-at-large for financial affairs in Asia, the Middle East, Latin America and other regions with a high potential for financial cooperation, as well as in the international community as a whole.

2. The new ambassadors for regional economic cooperation and for international financial cooperation are former ambassadors, ranking officials and civilian experts who have expertise, experiences and human networks in the regions or infrastructure, facilities, international finance, or other fields they will be in charge of. As such, they are expected to contribute to the ROK’s efforts to vitalize its economy.

3. The Ministry of Foreign Affairs, in cooperation with the Ministry of Strategy and Finance, the Ministry of Land, Infrastructure and Transport, Ministry of Trade, Industry and Energy, and other relevant government agencies, will systematically support the ambassadors’ activities.


* unofficial translation