On the 31st, the head of the Export-Import Bank of Korea said, “As an institution responsible for foreign policy financing, we will concentrate all our capabilities and become the vanguard of recapture of exports of $600 billion (about 652 trillion won) next year.”
Korea’s exports peaked at $600 billion in 2018 and are on a downhill road for two consecutive years.
To this end, Mr. Bang plans to promote the globalization of the K-New Deal.
Mr. Bang said, “We will develop a new financial product to discover innovative growth engines, and preemptively support the plan to convert the traditional industry to the New Deal.
He then emphasized, “We will actively utilize the business development consulting and F/S (Business Feasibility Study Support) system to secure candidate projects, and to establish a system for linking business development and financial support, including participation in investment development-type projects through equity investment and fund utilization.” did.
It also promised customized support for small and medium-sized export companies.
He said, “We will expand support for SMEs by reflecting the characteristics of each industry, and early discover and support innovative promising small and medium-sized venture companies through small and medium-sized speed-up loans and support for early export companies.” “Technology development-production-export, etc. Through customized support, we will do our best to foster small and medium-sized enterprises into competitive small and medium-sized enterprises and unicorn enterprises.”
In addition, he added that it will accelerate the digital transformation and lead the ESG (environmental, social, governance) management.
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