Korea Eximbank and SanDanGong Sign Business Agreement to Promote Exports of Small and Medium Enterprises

If Sandan Gong Recommends Promising Export Companies Located in Industrial Complexes, Su-eun Provides Preferential Financial Support

The Export-Import Bank of Korea and the Korea Industrial Complex Corporation signed a business agreement on the 3rd at the Yeouido headquarters of the Export-Import Bank to establish a permanent cooperation platform to promote exports of promising domestic small and medium-sized enterprises. From the left in the photo: Visit Kyu, President of the Export-Import Bank, and Kim Jeong-hwan, Chairman of the Korea Industrial Complex Corporation. Photo by XXX

[Asia Economy Reporter Park Sun-mi] To promote exports of promising small and medium-sized enterprises (SMEs) and mid-sized companies in Korea, the Export-Import Bank of Korea and the Korea Industrial Complex Corporation have established a permanent cooperation platform.

On the 3rd, the Export-Import Bank of Korea announced that it signed a "Business Agreement for Promoting Exports of SMEs and Mid-sized Companies in Industrial Complexes" with the Korea Industrial Complex Corporation. The main contents of the agreement signed by the two organizations on this day include ▲ the Industrial Complex Corporation recommending promising export companies located in industrial complexes (Global Leading Companies, Export Target Companies, Smart Green Industrial Complex Companies, Domestic Return Companies, etc.) to the Export-Import Bank ▲ the Export-Import Bank providing preferential support for operating funds, facility funds, research and development (R&D) funds, and mergers and acquisitions (M&A) funds to qualified companies ▲ mutual provision of company information, among others.

Taking this business agreement as an opportunity, the Export-Import Bank plans to promote export activities of promising companies located in industrial complexes and expand financial support for securing technologies and facilities that form the basis for export expansion. The Industrial Complex Corporation will assist these companies in more easily accessing the Export-Import Bank’s preferential financial services through sharing and recommending information on promising export companies. Additionally, the Industrial Complex Corporation plans to actively cooperate with the Export-Import Bank’s Hidden Champion Development Project.

After signing the agreement, Bank President Bang Moon-kyu said, “We will organically utilize the capabilities and experience of the Export-Import Bank and the Industrial Complex Corporation to support promising SMEs and mid-sized companies in entering overseas markets and contribute to our companies’ digital transformation, low-carbon and high-efficiency energy innovation.”

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