Export-Import Bank Appoints Shin Kyung-taek and Lee Sang-ho as New Vice Presidents

Shin Kyung-taek Promoted to Head of Project Finance Division, Lee Sang-ho Appointed Head of Economic Cooperation Business Division
Existing Economic Cooperation Headquarters Expanded and Reorganized into Economic Cooperation General Headquarters and Economic Cooperation Business Headquarters

[Asia Economy Reporter Kangwook Cho] The Export-Import Bank of Korea announced on the 25th that Shin Kyung-taek (愼敬澤, 54), Head of Planning Department, has been appointed as the Head of Project Finance Division, and Lee Sang-ho (李相昊, 54), Head of Overseas Business Development Team, has been appointed as the Head of the newly established Inter-Korean Cooperation Business Division.

Newly appointed Deputy Governor Shin Kyung-taek previously served as Head of Industrial Equipment Finance Department, Ulsan Branch Manager, New York Office Manager, and Head of Planning Department, and will now lead the Project Finance Division.

Newly appointed Deputy Governor Lee Sang-ho previously served as Head of Inter-Korean Cooperation Business Office 2, Head of Future Management Office, Washington Office Manager, and Head of Overseas Business Development Team, and will now lead the Inter-Korean Cooperation Business Division.

In addition, the Export-Import Bank of Korea, which is responsible for official development assistance (ODA), has expanded and reorganized the Economic Development Cooperation Fund (EDCF) division from one division to two divisions in response to the government's policy to expand ODA.

Accordingly, the Planning, System, and Technical Support for the Economic Development Cooperation Fund (EDCF) will be handled by the Inter-Korean Cooperation General Division, while the individual project review, execution, and post-management of the Economic Development Cooperation Fund (EDCF) will be handled by the Inter-Korean Cooperation Business Division.

A spokesperson for the Export-Import Bank of Korea said, "We expect that the expertise and efficiency of ODA will be further strengthened in the future."

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