The Export-Import Bank of Korea announced on the 12th that it will invest a total of 200 billion won in a fund established to support the overseas expansion of small and medium-sized export corporations.
The fund will be established in the first half of next year, subject to the selection of an operator and approval from the Ministry of Economy and Finance. The target amount for the fund is set at 1 trillion won, while the remaining 800 billion won must be raised by the operator from private sources.
The Export-Import Bank of Korea plans to pay part of the revenue accrued to the bank as an incentive to the operator when the fund invests in corporations located outside the capital region or when a fund investee corporation transfers its headquarters to the non-capital region.
A bank official noted, "We initiated the establishment of this fund to help small and medium-sized export corporations overcome domestic and international economic conditions and to promote balanced national growth that aligns with the new government's policy direction."