Korea Eximbank Chief Hwang Giyeon Inspects MPE Sites in Ulsan and North Gyeongsang... AX and Customized Export Financing Support

Discussions on Support under the AX Special Program
"Strengthening Support for Promising SMEs and Mid-Sized Companies"

Hwang Giyeon, President of the Export-Import Bank of Korea, visited core materials, parts, and equipment companies (so-called materials, parts, and equipment, or MPE firms) located in Ulsan and North Gyeongsang Province, which serve as the "blood vessels" of advanced industries in the age of artificial intelligence (AI), to confirm his commitment to supporting AI transition and expanding customized export financing, stepping up his on-site engagement.

Hwang Giyeon, president of the Export-Import Bank of Korea (center), speaks with Kim Taesu, CEO (left), and other officials during his visit to Deoksan Haimetal in Ulsan on the 4th. Photo by the Export-Import Bank of Korea.

The Export-Import Bank of Korea announced on the 6th that President Hwang recently visited Deoksan Haimetal, a semiconductor packaging bonding material manufacturer based in Ulsan, and Hanjung NCS, an energy storage system (ESS) component manufacturer located in Yeongcheon, North Gyeongsang Province.

Deoksan Haimetal is a company that successfully localized solder balls with its own technology and has secured global semiconductor companies such as Samsung Electronics and SK hynix as major customers. Hanjung NCS modularizes key components of water-cooling systems and supplies them to Samsung SDI and others, and it jointly developed with Samsung SDI the first water-cooled ESS cooling system in Korea and commercialized it.

This visit was President Hwang's first field trip to an industrial site outside the Seoul metropolitan area since the Export-Import Bank of Korea launched the "AX (AI Transformation) Special Program," which will inject 22 trillion won over five years to strengthen global competitiveness in the AI industry. It was arranged to support the enhancement of global competitiveness for small and medium-sized enterprises (SMEs) and mid-sized companies in the AI sector, and to demonstrate the bank's strong commitment to fostering the AI ecosystem beyond the metropolitan area.

At the Deoksan Haimetal headquarters, CEO Kim Taesu said to President Hwang, "Financial support for SMEs and mid-sized companies with technological capabilities is essential so that globally competitive companies can grow even in regional areas," adding, "We hope the Export-Import Bank of Korea will serve as a key partner in supporting our company's leap forward." In response, President Hwang said, "We will further strengthen our support for promising SMEs and mid-sized companies located in regional areas so that future strategic industries such as AI can spread to non-metropolitan regions."

Later, during his visit to Hanjung NCS, CEO Kim Hwansik requested financial support to secure overseas production bases and expand orders, and President Hwang stressed, "The Export-Import Bank of Korea will actively support SMEs so that when they advance overseas, they can procure foreign currency smoothly without having to worry about exchange rates."

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