Export Package Preferential Financing

Export Package Preferential Financing

Country

South Korea

State / City

National

Posted date

2024-03-04
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The Export Package Preferential Financing program is a business agreement signed by the Korea Trade Insurance Corporation (K-SURE) with Hana Bank and Woori Bank. This agreement is a follow-up measure to the comprehensive business agreement signed by K-SURE with the five major commercial banks in December last year to resolve financial difficulties for small and medium-sized enterprises. The aim is to increase the global export competitiveness of small and medium-sized companies and expand the base of export support by providing funds necessary for export at low cost. Through this agreement, the two organizations will establish and support 'Export Package Preferential Finance' worth KRW 935 billion to provide financial support necessary for exports.

Instrument

Loan & Loan Guarantees
Interest Rate Support
Financial Contribution (General)

Purpose

Aid for technical feasibility studies
Economic resilience
Employment
Import substitution
Import support
Innovation
Investment promotion
Job promotion
Production incentives
Promotion of export and internationalisation
Self-reliance
National security
Sectoral development

Agency

Korea Trade Insurance Corporation; Hana Bank; Woori Bank

Sector

Cross-sectoral

Data+Law uuid

KOR_03722_Program

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