Regulatory Alerts2024-06-17 | 82483Financial Cooperation with Africa to be Strengthened
The Financial Services Commission and the Korea Federation of Banks are hosting banking associations from Nigeria, Botswana, Mauritius, and the Southern African Development Community to deepen financial ties with Africa. On June 17, the Korea Federation of Banks signed memoranda of understanding with these African entities to facilitate knowledge sharing in digital finance, mobile payments, and credit data. This initiative, supported by FSC Chairman Kim Joo-hyun, aims to leverage Korea's financial expertise to contribute to Africa's economic development while fostering mutual growth for the Korean financial industry.
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