HOME

TheInfoList



OR:

The Export–Import Bank of Korea, also commonly known as the Korea Eximbank (KEXIM), is the official export credit agency of
South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...
.Overview – Korea Eximbank
Export–Import Bank of Korea


Overview

The bank was first established in 1976. Its primary purpose is to support South Korea's export-led economy by providing loans, financing mega projects and thereby facilitating economic cooperation with other countries.


Government funds

The bank manages the following government funds: * Economic Development Cooperation Fund (EDCF): The EDCF evaluates and implements aid projects in developing countries. * Inter-Korean Cooperation Fund (IKCF): The IKCF oversees an economic cooperation program with North Korea and serves as a clearing settlement bank with the Foreign Trade Bank of North Korea.The Roles of KEXIM


Aid programs

On January 6, 2013, the bank announced its decision to provide loans and credit guarantees worth US$917 million to entertainment and food firms over the next three years to promote the spread of the
Korean Wave The Korean Wave, or ''hallyu'' (; ), is a cultural phenomenon in which the global popularity of South Korean popular culture has dramatically risen since the 1990s. Worldwide interest in Korean culture has been led primarily by the spread of K-p ...
in foreign countries. A spokesman representing the bank told reporters that
K-pop K-pop (; an abbreviation of "Korean popular music") is a form of popular music originating in South Korea. It emerged in the 1990s as a form of youth subculture, with Korean musicians taking influence from Western Electronic dance music, danc ...
,
Korean drama Korean drama (), also known as K-drama or Koreanovela, refers to Korean language, Korean-language television shows made in South Korea. These shows began to be produced around the early 1960s, but were mostly consumed domestically until the rise ...
s, as well as traditional
Korean cuisine Korean cuisine is the set of foods and culinary styles which are associated with Korean culture. This cuisine has evolved through centuries of social and political change. Originating from ancient Prehistoric Korea, agricultural and nomad ...
have huge growth potential, and that exporters of such cultural content deserve more investment and financial support.


See also

*
List of banks in South Korea This is a list of South Korean banks and the parenthesized number is the bank number. Central bank *Bank of Korea (001) Specialized banks Specialized banks are financial institutions established under a special act, not the Korean Banking Act. T ...


References


External links


Official website of the Korea Eximbank
{{DEFAULTSORT:Export-Import Bank of Korea Banks of South Korea Export credit agencies Foreign trade of South Korea South Korean companies established in 1976 South Korean foreign aid Banks established in 1976 Government-owned banks of South Korea Companies based in Seoul