South Korea latest US ally to join AIIB
Washington looks increasingly isolated as another important ally joins the China-backed Asia Infrastructure Investment Bank (AIIB). Australia and Taiwan could be next, as a deadline for founding members approaches.
Shares in South Korean iron and steel companies shot up after Seoul announced Thursday it would seek to join the controversial Asian Infrastructure Investment Bank (AIIB). Histeel and Hanil Iron and Steel are likely to benefit from contracts when the China-backed bank begins pumping billions into infrastructure projects in the region later this year. A South Korean finance ministry official said companies in the communications, energy and transport companies would also gain contracts. South Korea is the latest in a growing list of countries who are accepting Beijing's invitation to become founding members of the AIIB before a March 31 deadline. But it is also one of the United States' closest allies in Asia, and Washington opposes the AIIB because it believes it will undercut the World Bank, where it dominates policy. Japan, which together with the US controls another Asian development lender, the Asian Development Bank, is still holding out. Strained relations Also in the region, Taiwan's president Ma Ying-jeou said on Friday his country should investigate opportunities in joining the bank, in spite of its strained relations with Beijing. Britain, another key ally of Washington, became the first EU country agreeing to join the AIIB two weeks ago. Since then, other European governments have been lining up to get in on the action. France, Germany, Italy and Switzerland have agreed. Australian Prime Minister Tony Abbott has also hinted his country will join the more than 30 nations so-far agreeing to take part in the AIIB, which includes India and all members of the Association of Southeast Asian Nations (ASEAN). kc/uhe (dpa, AP)
South Korea
South_Korea South_Korea_national_football_team South_Korea_national_baseball_team South_Korea_women's_national_football_team Korea_Football_Association Cinema_of_South_Korea South_Korea_national_under-23_football_team South_Korea_national_under-20_football_team List_of_years_in_South_Korea South_Korea_national_basketball_team South_Korea_Fed_Cup_team South_Korea_national_rugby_union_team South_Korea_men's_national_under-18_ice_hockey_team South_Korea_Davis_Cup_team South_Korea_men's_national_volleyball_team South_Korea_at_the_2012_Summer_Olympics
US
United_States Billboard_200 Billboard_Hot_100 Recording_Industry_Association_of_America United_States_dollar Nielsen_SoundScan Billboard_charts Hot_Country_Songs Unincorporated_territories_of_the_United_States Billboard_(magazine) Dance_Club_Songs Federal_government_of_the_United_States American_English RIAA_Certification .us Us_(Peter_Gabriel_album)
AIIB
Asian_Infrastructure_Investment_Bank
Washington
Washington_(state) Washington,_D.C. Washington_Wizards Washington_Huskies_football Washington_Mystics Washington_County,_New_York University_of_Washington Washington_Huskies_men's_basketball George_Washington Washington_County,_Maine Washington_Capitals Washington_County,_Pennsylvania Washington_Huskies Washington,_Pennsylvania Washington,_Tyne_and_Wear Washington_County,_Oregon
China
China China_national_football_team Republic_of_China_(1912–1949) China_women's_national_football_team Qing_dynasty Chinese_Basketball_Association A1_Team_China Cinema_of_China China_men's_national_basketball_team History_of_China China_national_badminton_team Recognition_of_same-sex_unions_in_China Taiwan Chinese_Football_Association Porcelain China_national_baseball_team
Asia Infrastructure Investment Bank
AIIB
Asian_Infrastructure_Investment_Bank
Australia
Australia Australia_national_cricket_team Australia_national_rugby_union_team Australia_national_rugby_league_team Australia_national_soccer_team Rugby_Australia Australia_women's_national_cricket_team Australia_women's_national_soccer_team Australia_(2008_film) ARIA_Charts Australia_international_rules_football_team Football_Federation_Australia A1_Team_Australia Australia_Davis_Cup_team Australian_Recording_Industry_Association Kent_Music_Report
Taiwan
Taiwan Same-sex_marriage_in_Taiwan Taiwan_under_Japanese_rule Taiwan_Province Geography_of_Taiwan Cinema_of_Taiwan Chinese_Taipei_national_baseball_team Chinese_Taipei_national_football_team List_of_Taiwanese_films ISU_Junior_Grand_Prix_in_Chinese_Taipei List_of_non-marine_molluscs_of_Taiwan Taiwan_Province,_People's_Republic_of_China Taiwanese_indigenous_peoples Chinese_Taipei_women's_national_football_team Free_area_of_the_Republic_of_China Dutch_Formosa
South Korean
Seoul
Seoul Seoul_Capital_Area FC_Seoul 1988_Summer_Olympics Seoul_Open Seoul_WFC Seoul_station Korea_Open_(tennis) Incheon_International_Airport Samsung_Securities_Cup Seoul_World_Cup_Stadium GS_Caltex_Seoul_KIXX List_of_districts_of_Seoul 2013_Korea_Open Seoul_Metropolitan_Subway Seoul_Olympic_Stadium
Thursday
Asian Infrastructure Investment Bank
Asian_Infrastructure_Investment_Bank
AIIB
Asian_Infrastructure_Investment_Bank
Histeel
Hanil Iron
Steel
Steel Steel_roller_coaster Steel_(John_Henry_Irons) Steel_(1997_film) Steel_guitar Steel_(1979_film) Steel_(comics) Bryan_Steel Steel_(1933_film) Commander_Steel Steel_(The_Twilight_Zone) Jim_Steel_(footballer) Val_Venis Steel_Bridge Steel_industry Steel_mill
China
China China_national_football_team Republic_of_China_(1912–1949) China_women's_national_football_team Qing_dynasty Chinese_Basketball_Association A1_Team_China Cinema_of_China China_men's_national_basketball_team History_of_China China_national_badminton_team Recognition_of_same-sex_unions_in_China Taiwan Chinese_Football_Association Porcelain China_national_baseball_team
South Korean
South Korea
South_Korea South_Korea_national_football_team South_Korea_national_baseball_team South_Korea_women's_national_football_team Korea_Football_Association Cinema_of_South_Korea South_Korea_national_under-23_football_team South_Korea_national_under-20_football_team List_of_years_in_South_Korea South_Korea_national_basketball_team South_Korea_Fed_Cup_team South_Korea_national_rugby_union_team South_Korea_men's_national_under-18_ice_hockey_team South_Korea_Davis_Cup_team South_Korea_men's_national_volleyball_team South_Korea_at_the_2012_Summer_Olympics
Beijing
Beijing China_Open_(tennis) 2008_Summer_Olympics Beijing_National_Stadium Beijing_women's_volleyball_team Beijing_Subway Government_of_China Beijing_Capital_International_Airport Beijing_Sinobo_Guoan_F.C. Beijing_railway_station Beijing_Ducks Beijing_Lions Roman_Catholic_Archdiocese_of_Beijing 2013_China_Open_(tennis) 2014_China_Open_(tennis) Beijing_dialect
AIIB
Asian_Infrastructure_Investment_Bank
March 31
United States
United_States United_States_men's_national_soccer_team United_States_men's_national_ice_hockey_team United_States_women's_national_soccer_team United_States_national_rugby_union_team American_poetry United_States_men's_national_junior_ice_hockey_team United_States_Soccer_Federation Secondary_education_in_the_United_States Recording_Industry_Association_of_America United_States_men's_national_basketball_team United_States_Davis_Cup_team United_States_national_cricket_team Cinema_of_the_United_States Education_in_the_United_States Same-sex_marriage_in_the_United_States
Asia
Asia Asian_Football_Confederation Asia_(band) Asia_(Roman_province) AFC_Champions_League United_Nations_geoscheme_for_Asia Asian_Cricket_Council Asian_Athletics_Association Asia_(Asia_album) Languages_of_Asia Asia_Rugby Anatolia Asia_(mythology) .asia Asian_Squash_Federation Kawaguchi,_Saitama
Washington
Washington_(state) Washington,_D.C. Washington_Wizards Washington_Huskies_football Washington_Mystics Washington_County,_New_York University_of_Washington Washington_Huskies_men's_basketball George_Washington Washington_County,_Maine Washington_Capitals Washington_County,_Pennsylvania Washington_Huskies Washington,_Pennsylvania Washington,_Tyne_and_Wear Washington_County,_Oregon
AIIB
Asian_Infrastructure_Investment_Bank
World Bank
World_Bank World_Bank_Group International_Bank_for_Reconstruction_and_Development Office_of_the_World_Bank,_London Bank_for_International_Settlements
Japan
Japan Japan_national_football_team Empire_of_Japan Japan_national_rugby_union_team Japan_women's_national_football_team Japan_Football_Association Japan_(band) Japan_national_baseball_team ISU_Junior_Grand_Prix_in_Japan Cinema_of_Japan Recognition_of_same-sex_unions_in_Japan Tokugawa_shogunate Elections_in_Japan List_of_non-marine_molluscs_of_Japan Japan_national_under-23_football_team Japan_national_basketball_team
US
United_States Billboard_200 Billboard_Hot_100 Recording_Industry_Association_of_America United_States_dollar Nielsen_SoundScan Billboard_charts Hot_Country_Songs Unincorporated_territories_of_the_United_States Billboard_(magazine) Dance_Club_Songs Federal_government_of_the_United_States American_English RIAA_Certification .us Us_(Peter_Gabriel_album)
Asian
Asian Development Bank
Asian_Development_Bank
Taiwan
Taiwan Same-sex_marriage_in_Taiwan Taiwan_under_Japanese_rule Taiwan_Province Geography_of_Taiwan Cinema_of_Taiwan Chinese_Taipei_national_baseball_team Chinese_Taipei_national_football_team List_of_Taiwanese_films ISU_Junior_Grand_Prix_in_Chinese_Taipei List_of_non-marine_molluscs_of_Taiwan Taiwan_Province,_People's_Republic_of_China Taiwanese_indigenous_peoples Chinese_Taipei_women's_national_football_team Free_area_of_the_Republic_of_China Dutch_Formosa
president
Ma Ying-jeou
Ma_Ying-jeou
Friday
Beijing
Beijing China_Open_(tennis) 2008_Summer_Olympics Beijing_National_Stadium Beijing_women's_volleyball_team Beijing_Subway Government_of_China Beijing_Capital_International_Airport Beijing_Sinobo_Guoan_F.C. Beijing_railway_station Beijing_Ducks Beijing_Lions Roman_Catholic_Archdiocese_of_Beijing 2013_China_Open_(tennis) 2014_China_Open_(tennis) Beijing_dialect
Britain
United_Kingdom Great_Britain United_Kingdom_of_Great_Britain_and_Ireland Roman_Britain Kingdom_of_Great_Britain British_Empire Sub-Roman_Britain Prehistoric_Britain British_GAA Britain_in_the_Middle_Ages British_Iron_Age List_of_British_films_of_1959 Early_modern_Britain List_of_British_films_of_1958 Britain_(place_name) England
Washington
Washington_(state) Washington,_D.C. Washington_Wizards Washington_Huskies_football Washington_Mystics Washington_County,_New_York University_of_Washington Washington_Huskies_men's_basketball George_Washington Washington_County,_Maine Washington_Capitals Washington_County,_Pennsylvania Washington_Huskies Washington,_Pennsylvania Washington,_Tyne_and_Wear Washington_County,_Oregon
EU
European_Union Europe List_of_European_records_in_swimming Eu,_Seine-Maritime E.U._(TV_series) European_Hot_100_Singles .eu European_Top_100_Albums Europium International_Federation_of_the_Phonographic_Industry United_Left_(Galicia) Experience_Unlimited United_Left_of_the_Balearic_Islands Esquerra_de_Menorca United_Extremadura Citizenship_of_the_European_Union
AIIB
Asian_Infrastructure_Investment_Bank
European
France
France France_national_football_team France_national_rugby_union_team French_poetry French_Third_Republic France_national_rugby_league_team Kingdom_of_France French_Rugby_Federation French_Football_Federation France_women's_national_football_team ISU_Junior_Grand_Prix_in_France Cinema_of_France First_French_Empire A1_Team_France Early_modern_France Second_French_Empire
Germany
Germany Germany_national_football_team Nazi_Germany German_Empire Germany_women's_national_football_team Weimar_Republic German_Football_Association ISU_Junior_Grand_Prix_in_Germany GfK_Entertainment_Charts Germany_national_youth_football_team A1_Team_Germany Germany_national_rugby_union_team Kingdom_of_Germany German_literature Germany_men's_national_ice_hockey_team Same-sex_marriage_in_Germany
Italy
Italy Italy_national_football_team Italy_national_rugby_union_team Kingdom_of_Italy Italian_Football_Federation Italy_national_rugby_league_team Italian_Campaign_(World_War_II) Italy_women's_national_football_team Lega_Basket_Serie_A Italian_Rugby_Federation A1_Team_Italy ISU_Junior_Grand_Prix_in_Italy Italy_national_basketball_team Kingdom_of_Italy_(Holy_Roman_Empire) Italy_national_under-21_football_team Cinema_of_Italy
Switzerland
Switzerland Switzerland_national_football_team Swiss_Football_Association A1_Team_Switzerland Switzerland_women's_national_football_team Switzerland_men's_national_ice_hockey_team Recognition_of_same-sex_unions_in_Switzerland Swiss_Hitparade Switzerland_national_under-21_football_team Switzerland_men's_national_junior_ice_hockey_team Switzerland_national_beach_soccer_team Switzerland_Fed_Cup_team Elections_in_Switzerland Switzerland_in_the_Eurovision_Song_Contest Switzerland_women's_national_ice_hockey_team Switzerland_Davis_Cup_team
Australian
Prime Minister
Tony Abbott
Tony_Abbott Tony_Abbott_(Canadian_politician) Tony_Abbott_(author) Tony_Abbott_(governor) Anthony_Abbott Tony_Abbott_(disambiguation)
AIIB
Asian_Infrastructure_Investment_Bank
India
India India_national_cricket_team British_Raj India_national_football_team Presidencies_and_provinces_of_British_India India_women's_national_cricket_team Indian_poetry A1_Team_India Indian_subcontinent History_of_India India_men's_national_field_hockey_team Dominion_of_India Elections_in_India Cinema_of_India La_India India_Davis_Cup_team
Association of Southeast Asian Nations
Association_of_Southeast_Asian_Nations
ASEAN
Association_of_Southeast_Asian_Nations ASEAN_Football_Federation ASEAN_Summit ASEAN_(cable_system) Southeast_Asia 2013_AFF_Futsal_Championship ASEAN–China_Free_Trade_Area
kc/uhe (dpa, AP)
Association of Southeast Asian Nations
Association_of_Southeast_Asian_Nations
iptc::11000000 topic::politics type::entity type::igo type::organization
United States
United_States
topic::none type::entity type::gpe type::gpe0 type::location
Asian Infrastructure Investment Bank
Asian_Infrastructure_Investment_Bank
iptc::20000170 meta::redo sector::20000274 slot::keyword topic::business type::company type::entity type::organization
South Korea
South_Korea
slot::in slot::keyword topic::none type::entity type::gpe type::gpe0 type::location
Washington
Washington,_D.C.
topic::none type::entity type::gpe type::gpe2 type::location
China
China
topic::none type::entity type::gpe type::gpe0 type::location
Australia
Australia
topic::none type::entity type::gpe type::gpe0 type::location
Taiwan
Taiwan
topic::none type::entity type::gpe type::gpe0 type::location
South Korean
topic::none type::gpe0-x type::other
Seoul
Seoul
topic::none type::entity type::gpe type::gpe2 type::location
Thursday
topic::none type::time type::value
Histeel
iptc::20000170 topic::business type::entity type::misc type::product
Hanil Iron
iptc::20000170 topic::business type::entity type::misc type::product
Steel
iptc::20000170 topic::business type::entity type::misc type::product
Beijing
Beijing
topic::none type::entity type::gpe type::gpe2 type::location
March 31
topic::none type::time type::value
Asia
Asia
topic::none type::entity type::location type::regio
World Bank
World_Bank
iptc::11000000 topic::politics type::entity type::igo type::organization
Japan
Japan
topic::none type::entity type::gpe type::gpe0 type::location
Asian
topic::none type::loc-x type::other
Asian Development Bank
Asian_Development_Bank
iptc::20000170 sector::20000274 topic::business type::company type::entity type::organization
president
topic::none type::role type::value
Ma Ying-jeou
Ma_Ying-jeou
gender::male iptc::11000000 topic::politics type::entity type::head_of_state type::person type::politician
Friday
topic::none type::time type::value
Britain
United_Kingdom
topic::none type::entity type::gpe type::gpe0 type::location
EU
European_Union
iptc::11000000 topic::politics type::entity type::igo type::organization type::so
European
topic::none type::loc-x type::other
France
France
topic::none type::entity type::gpe type::gpe0 type::location
Germany
Germany
topic::none type::entity type::gpe type::gpe0 type::location
Italy
Italy
topic::none type::entity type::gpe type::gpe0 type::location
Switzerland
Switzerland
topic::none type::entity type::gpe type::gpe0 type::location
Australian
topic::none type::gpe0-x type::other
Prime Minister
topic::none type::role type::value
Tony Abbott
Tony_Abbott
gender::male iptc::11000000 topic::politics type::entity type::head_of_gov type::person type::politician
India
India
topic::none type::entity type::gpe type::gpe0 type::location
kc/uhe (dpa, AP)
topic::none type::footer type::other