Gov't vows support for Korean firms joining Middle East rebuilding projects

The government will offer proactive support for Korean businesses seeking to participate in reconstruction projects in the Middle East, the finance ministry said Wednesday. Finance Minister Koo Yun-cheol discussed the agenda during a meeting with other economic ministers on external affairs, noting demand for infrastructure upgrades is expected to increase in major Middle Eastern countries following the end of the conflict between the United States and Iran. During the meeting, the government announced plans to proactively support Korean firms seeking to participate in plant, energy, transportation, logistics and digital infrastructure projects in various countries. Korea will work closely with overseas missions and related organizations to identify potential projects, while expanding high-level exchanges with partner nations, the ministry added. Koo said the Korean economy has been maintaining a solid recovery trend on the back of robust exports led by chips, despite the lingering external uncertainties. The finance minister added the government will continue to build on the recovery trend to help companies create new growth engines. "The government will make efforts to utilize momentum for cooperation generated through summit-level dialogue to support the overseas expansion of Korean companies and produce tangible results leading to broader economic exchanges," Koo said.