The Korea Export-Import Bank announced on the 16th that it will contribute 200 billion won to create an advanced strategic industry investment fund.
The Export-Import Bank established a total fund of 2.2 trillion won to foster advanced strategic industries by contributing 150 billion won each in 2023 and 2024.
This time, due to increased economic uncertainty caused by U.S. tariff policies, the contribution amount is expanded to 200 billion won, and the goal is to complete the establishment of a fund worth 1 trillion won within this year after selecting an operator and obtaining approval from the Minister of Strategy and Finance.
In particular, plans are in place to support the industrial structure transition of domestic corporations by newly establishing investment obligations in eco-friendly and low-carbon businesses, such as renewable energy, in addition to advanced strategic industries.
An official from the Export-Import Bank noted that they will induce private investment to secure a competitive advantage in core export industries such as semiconductors and secondary batteries and also contribute to fostering promising growth industries.