SEOUL, Apr. 20 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) on Friday promised 800 billion won (US$753.29 million) in loans and guarantees to the local shipping industry this year as the government acts on a five-year restructuring plan. Eun Sang-soo, chairman of the state-run lender, met with the heads of shipping companies [...]
SEOUL, Dec. 18 (Korea Bizwire) – The total exposure of Korean financial institutions to Russia is estimated at US$1.36 billion. According to the Financial Supervisory Service on December 17, the exposure as of the end of September this year including loans and credit facilities provided to Russia by the nation’s 11 banks including Korea EximBank, Korea Development Bank, [...]
SEOUL, Dec. 4 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) plans to provide US$1.3 billion worth of financing to an integrated steel mill which Korea’s POSCO E&C is building in Brazil. Korea Eximbank announced on December 3 that it would make a US$1.3 billion investment in the plant, including a US$910 million loan [...]
SEOUL, Oct. 2 (Korea Bizwire) – Korea EximBank said on October 1 that it would make a US$7.15-million investment in a hydroelectric power generation project on the Semangka River in Indonesia. The project is currently undertaken by the POSCO Engineering consortium.Including loans and guarantees, the state-run bank will support a total of $132.9 million in a project financing deal. [...]
SEOUL, Oct. 2 (Korea Bizwire) — Fundraising for exporting Korea’s medical institutions and services is planned to be boosted. The Ministry of Health & Welfare announced that it would receive applicants which want to support Korean hospitals to expand in the global market as an operator from September 30 through October 20. This is the third [...]
SEOUL, July 7 (Korea Bizwire) – Korea EximBank said on July 4 that it would provide a shipping finance worth US$295 million to China’s Minsheng Financial Leasing that has signed a deal to purchase three 18,400-TEU containerships from Daewoo Shipbuilding & Marine Engineering. Of the loans that the Korean state-run bank provides, 50 percent will be guaranteed [...]