Korea has pledged additional support for infrastructure and economic development projects along the Mekong River in Southeast Asia.
Finance ministers from Korea and Laos signed a memorandum of understanding in the Laotian capital of Vientiane on Friday that calls on Korea to deliver around 200 million U.S. dollars in development assistance as part of the Economic Development Cooperation Fund.
The two countries plan to build embankments along the Mekong River for the construction of roads and bridges and seek out new business projects using the Hangang River in Seoul as a model.
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