SEOUL, March 19 (Reuters) - South Korea will decide by the end of this month on whether it will join the China-backed Asian Infrastructure Investment Bank (AIIB), Finance Minister Choi Kyung-hwan said on Thursday.
More than 20 countries including Germany, Britain and India have decided to participate in the bank, while South Korean officials have remained tight-lipped in recent weeks over its possible membership.
The finance minister’s comments were made to reporters on the sidelines of a press event in Seoul.
The United States, one of South Korea’s closest allies, has urged countries to think twice before joining the bank, which Washington sees as a rival to the Western-dominated World Bank. (Reporting by Lee Shin-hyung; Writing by Christine Kim; Editing by Kim Coghill)