The Export-Import Bank of Korea said on the 3rd that it will support consulting expense for Samsung Electronics partners that have entered Vietnam to secure renewable energy locally.

To that end, it signed a business agreement on the previous day with Samsung Electronics and PATRON, the representative of Samsung Electronics partners, titled "a business agreement to enhance supply chain environmental, social and governance (ESG) capabilities and strengthen win-win cooperation."

At the signing ceremony for the business agreement to enhance supply chain ESG capabilities and strengthen win-win cooperation at the Export-Import Bank headquarters in Yeouido, Seoul, on the 2nd, attendees, including Eom Jae-hoon, vice president of Samsung Electronics, An Jong-hyeok, executive director of the Export-Import Bank, and Kim Won-geun, CEO of PATRON (from left), pose for a commemorative photo. /Courtesy of The Export-Import Bank of Korea

Through the agreement, 11 Samsung Electronics partners that have entered Vietnam will pursue a power purchase agreement (PPA) to jointly procure renewable energy locally.

The Export-Import Bank of Korea will support the consulting expense that the partners pay to an energy consulting firm for this purpose.

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