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The Export-Import Bank of Korea (KEXIM) |
Export Credit Agency (ECA) in Korea

The mission of Korea Eximbank is to provide financial support for export and import transactions and enhance Korea’s economic cooperation with foreign countries; promote economic cooperation between Korea and developing countries, and facilitate interchange and cooperation between South and North Korea.

Key Stats

Name

The Export-Import Bank of Korea (KEXIM)

Country

South Korea, Asia

CEO

Eun Sung-soo

Founded

1976

Employees

400

Government:

Korean Government

Company Number

—

Address

38 Eunhaeng-ro, Yeongdeungpo-gu, Seoul, Korea 07242

Email Address

—

A summary of The Export-Import Bank of Korea

KOREA EXIM BANK 2022 Annual Report

The Export-Import Bank of Korea – Benefits of using an ECA in Korea

Facilitating export transactions
Conduct appraisal, conclusion of loan agreements, disbursement therefrom, and evaluate economic development aid
Appraise, disburse, and provide ex-post management for grants and loans

Products and services offered by The Export-Import Bank of Korea

Loans
Guarantees
Trade finance
Investment

History of The Export-Import Bank of Korea

1978: The Ministry of Finance decided to set up the Export-Import Bank of Korea. Korea Eximbank established(Authorized capital: KRW 150 billion)

1983: Diversified settlement currencies on export contracts
(4 countries→20 countries)Concluded a bank loan agreement with 46 foreign financial institutions including Chemical Asia Ltd.
(USD 300 million)Concluded a bank loan agreement with 17 foreign financial institutions including LTCB (JPY 10 billion)

2003: Launched monitoring program for the countries on the watch list created by Total
Exposure Limit Management System, they also launched Overseas Bank Ratings System

2014: Issued Global Bond (USD 1.25 billion, the first institution issuing the 10-year maturity bond among Korean institutions since the financial crisis in 2008). Selected as ‘the Best Asia ECA’ and ‘the Best ECA in the Middle East’ by Trade Finance Magazine

2015: Issued the largest Global Bond (USD 2.25 billion)Proclaimed ‘Ethical Management as Clean bank’. Provided USD 1.75 billion in project financing for Sabine Pass LNG Plant Project with 8 domestic financial institutions.Enhanced risk managing capability by reorganizing Risk Management Department. Provided IKCF fund for reconstructing the south side of Gyeongwon Line