중앙데일리

Guarantees for Overseas Construction Proposed

Feb 26,1999

The Overseas Construction Association(OCA) is trying to establish a multinational special corporation, where domestic and foreign financial companies, including the International Finance Corporation (IFC) participate, in order that construction companies get a written guarantee at little cost to the companies.
Kim Dae Young, Chairman of OCA, stated,'I am negotiating with domestic and foreign financial companies to supply investment money to establish the corporation'.
He also said, 'If the multinational special corporation is established, the competitivness of Korean costruction companies is expected to increase. This is because the guarantee commission of construction dwindles to 1 percent at most from the maximum 5 percent of the total cost for construction.


dictionary dictionary | 프린트 메일로보내기 내블로그에 저장