Former finance minister Hyun to attend AIIB panel in Beijing

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Former finance minister Hyun to attend AIIB panel in Beijing

Published: 18 Oct. 2016, 20:22

Hyun Oh-seok, a recently appointed member of the International Advisory Panel of the China-led Asian Infrastructure Investment Bank (AIIB), will attend his first meeting at a panel today in Bejing.

Hyun, Korea’s former Finance Minister, was appointed to the panel last month. There are 10 experts from member and non-member states on the panel. They advise the bank on strategies for two years.

According to the Ministry of Strategy and Finance Tuesday, Hyun plans to discuss ways to attract more investment from the public sector. Hyun will give a speech that will argue the needs for public investments in the bank at the meeting.

Korea lost its most important executive position at the AIIB after Hong Ky-tack, former chairman of the Korea Development Bank, stepped down from the vice president seat in June due to an accounting scandal.