ANNOUNCEMENT 28 Mar 2015

In March 2015, the government of Republic of Korea announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



The Eximbank of Korea press release: Agreements with CABEI and IDB Establish Financial Bridge into Latin America
Available at: https://www.koreaexim.go.kr/site/program/board/basicboard/view?menuid=002001007&pagesize=10&boardtypeid=284&boardid=17013

Guide to the Export-Import Bank of Korean
Available at: https://www.koreaexim.go.kr/site/inc/file/fileDownload?dirname=/doc/002&...
ExImBank official website: https://www.koreaexim.go.kr/site/main/index002


Inception date: 28 Mar 2015 | Removal date: open ended
Still in force

Trade finance

On 28 March 2015 the Export-Import Bank (Eximbank) of Korea signed a USD 100 million Interbank Export Loan Agreement credit line with the Central American Bank for Ecocomic Integration (CABEI). The funds shall be used to finance Korean exports to the development bank's regional member countries.
In this context the ExImBank of Korea stated: "We will work closely with CABEI to help korean companies win new projects in Central America, not least in the service sector"
 
Interbank Export Loan
Is 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A