On August 24, Deputy Prime Minister and Minister of Finance and Economy Koo Yun Cheol met with the newly appointed President of the Asian Infrastructure Investment Bank (AIIB)^* Zou Jiayi, who was visiting Korea, and discussed ways to advance cooperation between Korea and the AIIB. The visit marked President Zou’s first visit to an advanced donor country in Asia since taking office in January 2026, reflecting her strong commitment to strengthening cooperation between Korea and the AIIB.

^*An international financial institution established in January 2016 to promote economic development and regional cooperation in Asia through infrastructure investment.

Deputy Prime Minister Koo noted that the AIIB has grown steadily over the past decade^* and has now firmly established itself as a global multilateral development bank. He emphasized the crucial role of the new President at this important juncture as the Bank enters its next phase of development. In response, President Zou attributed the Bank’s development to Korea’s active contributions as one of the AIIB’s five largest shareholders and expressed her appreciation for Korea’s continued support and cooperation.

^* Number of members: 57 in 2016 → 111 at present; 373 development projects totaling USD 72.4 billion approved.

Deputy Prime Minister Koo stressed the potential synergies in development projects from combining the technological capabilities of Korean companies with the AIIB’s financial expertise, and called for President Zou’s support in achieving tangible outcomes through cooperation with Korean companies. He also expressed his hope that the AIIB would expand the recruitment of Korean nationals at various levels and across different fields, from senior to working-level positions. President Zou expressed her commitment to further strengthening cooperation with Korea, which has extensive development experience and technological capabilities, across a range of areas, including technology-based infrastructure projects and personnel exchanges.

Please refer to the attache files.