Korea Eximbank Launches Supply Chain Coexistence Finance with LG Energy Solution and Doosan Enerbility

The Export-Import Bank of Korea (Korea Eximbank) is partnering with major domestic supply chain conglomerates such as LG Energy Solution, Doosan Enerbility, Samsung SDI, and SK On to support small and medium-sized partner companies. The initiative aims to provide low-interest financing focused on supply chains in advanced strategic industries and the energy sector, such as secondary batteries and nuclear power, with the goal of building an ecosystem where large corporations and their partners can grow together.

On May 19, at its headquarters in Yeouido, Seoul, Korea Eximbank announced the official launch of its 'Coexistence Supply Chain Finance Program,' utilizing the Supply Chain Stabilization Fund, during the 'Supply Chain Coexistence Finance Agreement Ceremony.' The ceremony was attended by Heo Jang, Second Vice Minister of Economy and Finance; Hwang Gi-Yeon, President of Korea Eximbank; Kim Dong-myeong, CEO of LG Energy Solution; Park Sang-hyun, CEO of Doosan Enerbility; Oh Jae-kyun, CFO of Samsung SDI; and Kim Min-sik, CFO of SK On.

This program operates by having Korea Eximbank receive recommendations from leading conglomerates for small and medium-sized partner companies, and then providing financial support for raw material procurement and purchases. For recommended partners, Korea Eximbank will apply a preferential interest rate of up to 2.4 percentage points and expand the loan limit by 10% compared to previous levels.

Additionally, small and medium-sized companies located outside the Seoul metropolitan area will receive an extra preferential rate of 0.2 percentage points. However, the total preferential rate is capped at a maximum of 2.4 percentage points. Through this, Korea Eximbank aims to strengthen the regional supply chain ecosystem and simultaneously alleviate the financial burden on small and medium-sized partner companies.

The Supply Chain Stabilization Fund is a policy finance tool established at Korea Eximbank in 2024 to respond to global supply chain restructuring. As of April this year, Korea Eximbank has supported a total of 11.5 trillion won through the fund, contributing to the securing of economically critical items and the stabilization of supply chains. President Hwang emphasized, "With the launch of this customized financial platform for win-win cooperation between large and small businesses, we will actively drive the joint growth of small and medium-sized companies in key areas such as advanced strategic industries and energy. We will work to build a supply chain ecosystem where large corporations and their partners grow stronger together."

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