AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Additionally, the Korea Eximbank signed an Interbank Export Credit contract with Colombian Bancolombia on 20 March 2012. The Interbank Export Credit with Bancolombia has a total value of USD 50 million. Through Bancolombia, the finance exports of Korean goods to Colombia.
Interbank Export Credit
The Eximbank of Korea extends credit to foreign banks for the purpose of financing companies’ purchases 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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