Export-Import Bank Restructures Credit, Digital, and Fund Divisions... Conducts Regular Personnel Changes

Organizational Restructuring to Strengthen Industry-Specific Support Systems, Digital Finance, and Economic Cooperation
Efforts to Select and Nurture Female Organizational Leaders with Work Competence and Leadership Skills

[Asia Economy Reporter Jo Gang-wook] The Export-Import Bank of Korea announced on the 15th that it has implemented the '2021 Organizational Restructuring and Regular Personnel Changes,' which includes expanding and strengthening the credit, digital, and Economic Development Cooperation Fund (EDCF) organizations.

The core of this organizational restructuring is ▲ innovation of the credit organization to become the vanguard in reclaiming $600 billion in exports, ▲ strengthening the digital organization to build a digital KEXIM, and ▲ expanding the EDCF organization to respond to the government's policy of increasing foreign aid.

First, the credit department was completely reorganized into an industry-based system to respond quickly and flexibly to the rapidly changing financial demands by industry after COVID-19.

Additionally, a new Small and Medium-sized Enterprise (SME) and Mid-sized Business Sales Department was established to strengthen the head office's sales functions and improve accessibility for SME customers. In particular, it aimed to enhance the quality of credit services by providing one-stop customized financial services for SMEs.

Furthermore, in line with changes in the digital financial environment, the Digital Services Department was elevated to the Digital Finance Division, expanding its role from supporting existing IT infrastructure to developing and operating digital financial products.

Through this, online non-face-to-face services such as corporate finance platforms and overseas on-lending platforms, corporate credit automatic screening systems, and RPA (Robotic Process Automation) will be introduced.

Alongside this, to strengthen official development assistance for developing countries, the EDCF Business Headquarters will be expanded and reorganized from the current Economic Cooperation Business Departments 1 and 2 into East Asia, West Asia, and Africa Departments.

Moreover, along with the organizational restructuring, KEXIM also carried out promotion personnel changes, including 11 department heads and 11 team leaders, among whom are two female department heads.

A KEXIM official stated, "We will continue to actively strive to nurture female managers who will lead the future of KEXIM."

This content was produced with the assistance of AI translation services.