Export–Import Bank of Korea

In today's article we are going to talk about Export–Import Bank of Korea, a topic that has captured the attention of many people in recent times. Export–Import Bank of Korea is a topic that arouses curiosity and interest in a large number of people due to its relevance in today's society. Throughout this article we will explore different aspects related to Export–Import Bank of Korea, from its origin and evolution to its impact on everyday life. In addition, we will analyze the opinions of experts in the field and present relevant data that will help to better understand Export–Import Bank of Korea and its importance today. Without a doubt, Export–Import Bank of Korea is a topic that deserves to be explored in depth to understand its influence in different areas of modern life.
Export–Import Bank of Korea
Company typePublic
BMV: KEXIM
IndustryBanking
Financial services
Founded1976 (1976)[1]
HeadquartersSeoul, South Korea
Key people
Hee-seong Yoon , CEO
ProductsInvestment Banking
Commercial Banking
WebsiteOfficial Website

The Export–Import Bank of Korea, also commonly known as the Korea Eximbank (KEXIM), is the official export credit agency of South Korea.[1]

Overview

The bank was first established in 1976.[1] Its primary purpose is to support South Korea's export-led economy by providing loans, financing mega projects and thereby facilitating economic cooperation with other countries.[1]

Government funds

The bank manages the following government funds:

  • Economic Development Cooperation Fund (EDCF): The EDCF evaluates and implements aid projects in developing countries.[2]
  • Inter-Korean Cooperation Fund (IKCF): The IKCF oversees an economic cooperation program with North Korea and serves as a clearing settlement bank with the Foreign Trade Bank of North Korea.[2]

Aid programs

On January 6, 2013, the bank announced its decision to provide loans and credit guarantees worth US$917 million to entertainment and food firms over the next three years to promote the spread of the Korean Wave in foreign countries. A spokesman representing the bank told reporters that K-pop, Korean dramas, as well as traditional Korean cuisine have huge growth potential, and that exporters of such cultural content deserve more investment and financial support.[3]

See also

References

  1. ^ a b c d Overview – Korea Eximbank, Export–Import Bank of Korea
  2. ^ a b The Roles of KEXIM Archived 2013-03-01 at the Wayback Machine
  3. ^ "Eximbank to finance 'hallyu' businesses". koreatimes. 2013-02-06. Retrieved 2024-11-07.
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