The Export-Import Bank of Korea said on the 2nd that it officially launched the "Global Expansion K-Finance Council" on the 27th with six commercial banks, including KB Kookmin, Shinhan, Woori, Hana, NongHyup, and Suhyup Bank.
The council plans to cooperate to support Korea's corporations by sharing market information and trends related to overseas orders and expansion; identifying promising projects early and gauging financing demand; and providing tailored financial support through business structuring such as joint loans and guarantees.
The support will cover everything from large order-based industries such as shipbuilding, defense, and nuclear power to key new growth industries including artificial intelligence (AI).
Lee Dong-hoon, head of Eximbank's Global and Capital Markets Division, said, "As the policy finance institution dedicated to external transactions, Eximbank will lead the qualitative growth of K-finance through strategic role-sharing with private financial institutions."