Korea Eximbank Invests 200 Billion Won in Overseas Expansion Fund for SMEs and Mid-Sized Companies

On August 12, the Export-Import Bank of Korea (Korea Eximbank) announced that it will invest a total of 200 billion won to create a fund aimed at supporting the overseas expansion of small and medium-sized exporters and mid-sized companies facing worsening domestic and global economic conditions.

Korea Eximbank stated that its ultimate target for the fund size is over 1 trillion won.

To contribute to balanced national growth, Korea Eximbank plans to provide incentives to fund managers by allocating a portion of the bank's profits if the fund invests in companies located outside the Seoul metropolitan area, or if portfolio companies relocate their headquarters to non-metropolitan regions.

The bank's investment program is scheduled to be announced on its website on August 12. Once the fund manager is selected, the fund will be finalized in the first half of next year after receiving approval from the Minister of Economy and Finance.

A Korea Eximbank official stated, "We have launched this fund to help our small and medium-sized exporters and mid-sized companies overcome challenging economic conditions, and to promote balanced national growth in line with the new government's policy direction."

Earlier this year, Korea Eximbank also invested 200 billion won to create a fund focused on advanced strategic industries such as semiconductors, batteries, bio, future mobility, and advanced electrical and electronic sectors.

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