AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Interbank Export Loan Agreement between Korea Eximbank and the Khan Bank has a total value of USD 20 million. Through Khan Bank, this credit line will finance Mongolian importers of Korean goods and services.
In this context, a Korea Eximbank official stated: "With the agreement, the Bank anticipates a rise in exports of Korean automobiles, daily necessities, and construction equipment related to mine development."
Interbank Export Loan Agreement
The Eximbank of Korea extends loans to foreign banks on favourable terms and conditions for the purpose of financing local companies’ purchase of Korean goods and services through loans. More information on the Bank's financial instruments can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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