Sandan Gong-Sueolip Bank Join Hands 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

Kang Kyoo Bang, President of the Korea Eximbank (left), and Kim Jung-hwan, Chairman of the Korea Industrial Complex Corporation, are taking a commemorative photo after signing the agreement.

[Asia Economy Reporter Kim Cheol-hyun] To promote exports of promising small and medium-sized enterprises (SMEs) and mid-sized companies in Korea, the Korea Industrial Complex Corporation and the Export-Import Bank of Korea have established a permanent cooperation platform. The Korea Industrial Complex Corporation (Chairman Kim Jeong-hwan, hereinafter referred to as KICOX) announced on the 3rd that it signed a "Business Agreement for Promoting Exports of SMEs and Mid-sized Companies in Industrial Complexes" with the Export-Import Bank of Korea (President Bang Moon-kyu, hereinafter referred to as KEXIM).

The main contents of the business agreement signed by the two institutions on this day include ▲ KICOX recommending promising export companies located in industrial complexes to KEXIM ▲ KEXIM providing preferential support for operating funds, facility funds, R&D funds, M&A funds, etc., to qualified companies ▲ holding joint explanatory sessions on export support systems and mutually providing company information.

Taking this business agreement as an opportunity, KEXIM plans to promote export activities of promising companies located in industrial complexes and expand financial support for securing technology and facilities that form the basis for export expansion. KICOX plans to help these companies more easily access KEXIM's preferential financial services through sharing and recommending information on promising export companies. In addition, KICOX plans to actively cooperate by discovering and recommending promising companies among industrial complex tenants for KEXIM's Hidden Champion cultivation project.

Kim Jeong-hwan, Chairman of KICOX, said, "I hope this business agreement will lead to the promotion of exports by companies located in industrial complexes and help overcome the COVID-19 crisis early and revitalize the economy." Bang Moon-kyu, President of KEXIM, also said, "We will organically utilize the capabilities and experience of KEXIM and KICOX 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."

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