Export-Import Bank Holds Seminar on Entering the Global South Market

Seminar on "The Rise of the Global South and New Opportunities"
Introduction of Promising Regional Industries and Financial Support Programs by the Export-Import Bank of Korea

Ahn Jonghyuk (fifth from left), Acting President of the Export-Import Bank of Korea, and Yoon Cheolmin (sixth from left), Head of the International Trade Department at the Korea Chamber of Commerce and Industry, along with other attendees, are posing for a commemorative photo at the seminar "The Rise of the Global South and New Opportunities" held on the 24th at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. Export-Import Bank of Korea

The Export-Import Bank of Korea announced on the 26th that it co-hosted a seminar titled "The Rise of the Global South and New Opportunities" with the Korea Chamber of Commerce and Industry.

The seminar was organized to introduce promising industry trends in each region of the Global South to Korean companies, as the importance of the Global South market continues to grow. It also aimed to provide information on various financial support programs and case studies offered by the Export-Import Bank of Korea for companies seeking to enter the Global South. The term "Global South" refers to emerging and developing countries in Asia, Latin America, the Middle East, and Africa, and stands in contrast to the "Global North," which refers to developed countries.

The first session covered information on the following topics: trends in the semiconductor industry in Southeast Asia, trends in the clean hydrogen industry in major Middle Eastern countries, and trends in advanced manufacturing in key Latin American countries.

The second session introduced the Export-Import Bank of Korea's support programs and case studies for companies entering the Global South, including export and overseas investment financing, the Supply Chain Stabilization Fund, and the Economic Development Cooperation Fund.

Global South countries, characterized by large populations, high economic growth rates, and abundant key mineral resources, are emerging as new export markets and supply chain alternatives for Korea amid rapidly changing international dynamics caused by U.S.-China rivalry and the strengthening of global protectionism. A total of 110 executives and employees from 52 domestic companies interested in entering new markets attended the seminar, demonstrating significant interest in the Global South market.

Acting President Ahn Jonghyuk stated, "We will provide customized financing for the Global South, which has emerged as a new market, by leveraging the various policy-based financial support programs offered by the Export-Import Bank of Korea. We will also continue to take the lead in expanding local partnerships for Korean companies."

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