Export-Import Bank, K-Sure, and Polish Development Bank Sign Economic and Financial Cooperation MOU

The Export-Import Bank of Korea (KEXIM) has signed a tripartite Memorandum of Understanding (MOU) with the Korea Trade Insurance Corporation (K-Sure) and the Polish Development Bank (BGK).

According to KEXIM on the 16th, President Yoon Hee-sung met with K-Sure President Lee In-ho and BGK President Beata Daszy?ska-Muzyczka at BGK headquarters in Warsaw, Poland, on the 13th, where they signed an MOU to strengthen economic cooperation and activate financial collaboration between the two countries. BGK, established in 1924, is Poland's sole national policy bank, providing financial support such as loans and managing government fund trusteeship and operations.

The MOU signed by the three institutions includes ▲strengthening financial support in key cooperation areas such as infrastructure, transportation, and renewable energy ▲joint financial support for Korean and Polish companies entering third countries ▲personnel exchanges between the institutions.

Poland is one of Korea's top three export destinations within the European Union, and recently, Korean companies have been actively entering advanced strategic industries such as batteries. Notably, last year, large-scale export contracts for Korean defense products such as the K2 tank, K9 self-propelled howitzer, and FA-50 light attack aircraft were concluded, marking an unprecedented activation of economic cooperation between the two countries.

Following the success in Polish defense exports, KEXIM, which has maintained a cooperative relationship with BGK, pursued this MOU to strengthen collaboration between the two institutions through discovering new cooperative projects and joint financial support. Accordingly, KEXIM explained that investment and development projects in the energy sector and construction contract acquisitions by Korean companies targeting Poland and neighboring countries will gain significant momentum.

At the signing ceremony, President Yoon said, "With this agreement, strategic partnerships between the institutions will be further strengthened not only in defense but also in infrastructure and renewable energy sectors, greatly aiding Korean companies in exploring export and new business opportunities in Poland and surrounding countries. Going forward, KEXIM, K-Sure, and BGK will work together to drive economic cooperation between the two countries."

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