Authorizations and exposure

• Export promotion loan: Designed to assist Korean companies that plan to start or expand export-related businesses
• Borrower: SMEs and large companies investing in service industries (knowledge, cultural contents, or healthcare) and green energy sectors
• Purpose: Capital investment, research and development, and marketing activities
• Coverage: Up to 90% of funds required
• Repayment term: Up to 10 years for capital investment and research and development; up to 3 years for other purposes
• Repayment method: Installment of at least once a year
• Export growth loan: Extended to Korean companies based on past export performance
• Borrower: SMEs and companies with a record of exporting intellectual property rights
• Coverage: 60%-100% of export records with the initial coverage ceiling per company of KRW 35 billion (KRW 25 billion for SMEs), with the possibility of raising to KRW 60 billion (KRW 40 billion for SMEs) depending on subsequent export performance
• Repayment term: Up to 3 years
• Repayment method: Bullet payment of installment payment
• Export project loan: Designed to assist Korean exporters by providing working capital required to enhance the performance of their export contracts
• Borrower: Korean exporters
• Coverage: Up to 90% of export contract value
• Repayment term: Up to 3 years
• Repayment method: Bullet payment or installment payment

• Direct loans or loan guarantees to overseas buyers and/or lenders to overseas buyers
• Export facilitation loans: To entities, including foreign buyers and governments, that contribute to export and business transactions of Korean exporters
• Purpose: Capital investment; working capital; payments owed by foreign governments or companies importing Korean goods and services, and other business operations
• Cover: Up to 90% of funds required (100% for inter-bank credit), with limits set by the OECD arrangement
• Tenor: Up to 30 years (or for buyer's limits set by the OECD arrangement)
• Repayment method: Installment payments of at least once a year (a lump-sum payment can be accepted for loans with a repayment term of 3 years or less) with a maximum grace period of 3 years (5 years for loans with a repayment terms of 10 years or more
• Inter-bank export loan: Credit facility extended to foreign banks from which loans are made to foreign buyers of Korean goods and services for financing their payments to Korean exporters
• Eligible entities: Foreign banks or foreign importers purchasing eligible items from Korea
• Eligible items: Goods and services not prohibited for trade under applicable laws and international conventions
• Amount: For short-term loans, up to 100% of contract; for long-term loans, up to 85% of contract
• Rate: For short-term, fixed rates at swap rate + margin and floating rates at LIBOR + margin
• Tenor: Less than 2 years for short-term, 2-10 years for long-term
• Untied inter-bank loan: Credit facility extended to foreign banks for the provision of loans to Korea-Related Companies (KRC) or Transacting Companies (TC); does not necessarily require underlying trade transactions with Korea
• KRC: Local companies in which Korea company holds at least 10% of total capital stocks or equity shares
• TC: Local company which purchases or supplies goods or services from/to a KRC
• Amount: For KRC, up to 90% of contract value (up to 100% for working capital); for TC, up to 100% of contract value
• Rate: Fixed rates at swap rate + margin and floating rates at LIBOR + margin
• Repayment period: Determined by contract (working capital limited to 3 years)
• Financial guarantee: Covers lenders (both domestic and foreign) against non-payment by buyers
• Cover: Up to the amount of the principal and interest
• Tenor: Up to 60 days after maturity of the loan

• Available for export and import-related performance, as well as in support of overseas business-related performance
• Eligibility: Korean companies and their overseas subsidiaries
• Bid bond: Supplied during the bidding process, which ensures that the beneficiary (buyer) will be reimbursed for any loss caused by the bidder's breach of bid related regulations
• Advance payment bond: Supplied by an exporter to receive advance payment from the beneficiary, which ensures that the beneficiary will be reimbursed for the advance payment in the event of failure by the exporter to fulfill its contractual obligations
• Performance bond: Ensures that a certain portion of the contract amount will be reimbursed to the beneficiary in the event of failure by the exporter to fulfill its contractual obligations
• Warranty bond: Ensures that the beneficiary will be reimbursed for any loss incurred during the warranty period after delivery
• Retention bond: Supplied by the exporter seeking to collect the retention money withheld by the beneficiary as provision for repairs and maintenance, and which ensures that the beneficiary will be reimbursed for any loss caused by the failure of the exporter to fulfill its contractual obligations in connection to the retention money

• Direct equity investments:
• Promotes the participation of Korean companies in investment-development type projects that involve Korean players at every stage, spanning from early development and equity investment through construction and operation
• Eligible Projects: Projects for which Korea Eximbank provides loans or guarantees; projects of which the purposes are in line with Korea Eximbank’s policies such as promoting the participation of Korean companies in “investment-development-type projects”
• Eligible investees: Companies in which Korean companies directly or indirectly hold no less than 10% of the total outstanding equity shares; companies in which Korea Eximbank’s equity investment would not make it the largest shareholder among Korean shareholders
• Investment amount: Up to 15% of total outstanding shares
• Types of investments: Preferred share; common shares
• Currency: KRW or foreign currency (on a case-by-case basis)
• Contribution to funds:
• Korea Eximbank makes equity investments via funds in Korean companies to support their global activities, including exports of goods and services, overseas direct investments, and overseas natural resources development
• Eligible transactions: Funds that Korean entities, development banks, or ECAs invest in or operate jointly with Korea Eximbank
• Investment Amount: Up to 25% of fund size
• Overseas investment loan: Provided to Korean companies that invest abroad in the form of capital subscription, acquisition of stocks, or long-term credit to overseas subsidiaries
• Cover: Up to 80% (90% for SMEs, 100% for natural resource development projects)
• Repayment term: Up to 30 years
• Repayment method: Period installments at least once a year with max. grace of 3 years (5 years for repayment terms of 7 years or longer, 7 years for repayment terms of 10 years or longer)
• Overseas project loan: Provided to Korean companies engaged in business outside Korea without establishing an overseas subsidiary
• Cover: Up to 80% (90% for SMEs, 100% for natural resource development projects)
• Repayment term: Working capital up to 3 years, others up to 30 years
• Repayment method: Period installments at least once a year with max. grace of 3 years (5 years for repayment terms of 7 years or longer, 7 years for repayment terms of 10 years or longer)
• Overseas business loan: Loan extended directly to foreign companies, in which a Korean company has an equity share
• Cover: Up to 90% (100% for working capital and/or natural resources projects)
• Repayment term: Working capital up to 3 years, others up to 30 years
• Repayment method: Period installments at least once a year with max. grace of 3 years (5 years for repayment terms of 7 years or longer, 7 years for repayment terms of 10 years or longer)
• Repayment method: Period installments at least once a year with max. grace of 3 years (5 years for repayment terms of 7 years or longer, 7 years for repayment terms of 10 years or longer)
• Overseas business facilitation loan: Loan extended to entities that contribute to the overseas business (including overseas investment) activities of Korean companies
• Cover: Up to 90% (100% for inter-bank credit)
• Repayment term: Up to 30 years
• Repayment method: Period installments at least once a year with max. grace of 3 years (5 years for repayment terms of 7 years or longer, 7 years for repayment terms of 10 years or longer)

• Korea Eximbank purchases (on a non-recourse basis) L/Cs issued by, or export bills guaranteed by, foreign banks on behalf of foreign buyers of Korean exporters (unsecured)
• Eligibility: Korean entities with either at least 1 year of experience producing or exporting the product(s), or 1 year of ledger experience with the foreign buyer
• Currency: Support for invoices in USD, JPY, EUR, and other foreign currencies on a case-by-case basis
• Tenor: Repayment over 30 days and up to 2 years
• Rate:
• Up to 1 year: LIBOR + spread
• Up to 2 years: Swap rate + spread

• Import loan: Extended to Korean companies to support import transactions
• Eligible imports: Goods or natural resources essential to the national economy
• Cover: Up to 80% (90% for SMEs)
• Tenor: Up to 10 years for capital goods; up to 2 years for all other imports
• Repayment method: Periodic installments at least once annually; up to 3 years grace period for capital goods
• Import facilitation loan: Extended to Korean companies, foreign governments, or foreign companies whose contribution to imports are essential to the national economy
• Eligible purpose: Capital investment, working capital, and business operations
• Cover: Up to 90% of required funds
• Tenor: Up to 3 years for working capital; up to 30 years for other eligible imports
• Repayment method: Periodic installments at least once a year with a maximum grace period of 3 years for tenors up to 10 years; grace period of 5 years for tenors over 10 years
• Import transaction support: Korea Eximbank facilitates import transactions through L/C, Import Factoring, and L/C confirmation
• Products include Import Loan and Import Facilitation Loan (the latter for Korean entities that are deemed essential to the national economy)
• Export transaction support: Korea Eximbank facilitates export transactions through bill purchase, export factoring, and L/C confirmation
• ESG financing program

• Established a policy and guidelines for gender equality and women’s empowerment

• Responsible for the administrative operation of the Economic Development Cooperation Fund (EDCF), which funds the industrial development and economic stability of developing countries, and promotes economic cooperation between Korea and those countries

• Subsidiaries or representation offices in over 25 cities

• Environmental and social due diligence, including an ethical management plan

• Priority sectors: Oil and gas, LNG, power water treatment, other industrial-related projects; airport, highway, bridge, tunnel, and other transportation-related

• Emphasis on SME growth

• The Inter-Korean Cooperation Fund Services promotes exchanges between North and South Korea

• 2024: Korea Eximbank launches Saudi desk to bolster support in Middle East

• 2023: Korea Eximbank issues USD 2.5 billion in global bonds