Mercury Hosts Meeting with Major Domestic Overseas Resource Companies and Related Organizations

About 20 Financial Officers and Executives from Major Domestic Resource Companies Attend

[Asia Economy Reporter Yoo Je-hoon] On the afternoon of the 18th, the Export-Import Bank of Korea (KEXIM) held a 'Major Overseas Resource Companies Meeting' at its headquarters in Yeongdeungpo-gu, Seoul, inviting major domestic overseas resource companies and related organizations, the bank announced on the 20th. About 20 financial officers and association officials from major domestic resource companies attended the meeting.

Earlier, on the 14th, the government discussed and formulated response strategies for the global supply chain and the Ukraine crisis at the 4th Foreign Economic Security Strategy Meeting. In particular, to support this, the government decided to strengthen policy finance capabilities by expanding financial support linked to raw material supply performance for mid- to long-term securing of key minerals, as well as financial support for import substitution and next-generation research and development (R&D).

At the meeting, KEXIM explained key financial support measures to expand the 'Global Supply Chain Response Program' in line with the government's efforts to stabilize supply chains. Representative measures include expanding financial support linked to resource development and raw material supply performance, expanding logistics infrastructure and supporting affected companies to respond to supply chain risks, and strengthening mid- to long-term response capabilities through supply chain diversification.

Additionally, KEXIM provided detailed explanations of its financial products supporting the construction of grain storage facilities, as international grain supply and demand instability is arising due to the Ukraine situation. Kwon Woo-seok, Executive Director of KEXIM, stated, "Overseas resource companies are important stakeholders contributing to securing supply chains for our country, which has an economy centered on manufacturing and processing trade. Based on the vivid voices from the field at this meeting, we will prepare effective financial support measures and do our best to secure overseas resources for our companies and stabilize Korea's supply chains."

Meanwhile, KEXIM plans to support economic normalization by providing financing worth 15 trillion won for securing raw materials and expanding logistics infrastructure.

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