Korea’s Reunification and Financial Policy Tasks – 5 Utilization of NK Development Fund

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Wisely using money is more important than collecting it. USD500 billion raised to support NK Development will be concentrated in areas that have potential to increase NK economy’s productivity. 44

The government and policy banks will evaluate NK’s major special economic & industrial zones in order to select areas for the development fund to be invested. Factors such as industrial location and conditions for economic cooperation will be taken into account when deciding whether or not to make investment.55Participation by policy banks is particularly crucial because they are more capable than the government to assess and make analysis on projects. For example, ‘infrastructure fund’ will be created centered by policy banks to fund major infrastructure projects in the North.

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