SUEUN Invests 50 Billion KRW in SME and Mid-sized Overseas Expansion Fund

Final Goal to Raise Over 200 Billion Won

The Export-Import Bank of Korea announced on the 11th that it will invest a total of 50 billion KRW to establish a fund supporting the overseas expansion of domestic small and medium-sized enterprises (SMEs) and mid-sized companies.

On the 28th, the Korea Export-Import Bank in Yeongdeungpo-gu, Seoul, where a COVID-19 confirmed case occurred, is quiet. Photo by Moon Honam munonam@

Once the fund manager is selected, the bank plans to finalize the fund formation within next year after obtaining approval from the Minister of Strategy and Finance. The target final fund size is over 200 billion KRW.

Through this project, the bank aims to strengthen support for our SMEs and mid-sized companies facing worsening domestic and international economic conditions such as rising raw material prices and the Russia-Ukraine war.

In particular, if the established fund invests in companies located outside the metropolitan area, the bank plans to provide incentives to the fund manager by paying a portion of the profits attributable to the bank according to the investment amount ratio.

An official from the bank stated, “We have launched this fund to help our SMEs and mid-sized companies overcome domestic and international economic challenges and to promote balanced regional development.”

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