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WHOLESALE BANKING | Cesar Tordesillas, Korea
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S. Korea, China, Mongolia to launch bank association

South Korea, China and Mongolia have agreed will launch an association of trade banks to help finance developmental projects for areas near the Tumen River.

Officials from the three countries along with Russia recently held their 13th Greater Tumen Initiative meeting in Vladivostok and signed a memorandum of understanding to launch the association, according to the ministry.

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