The Export Import Bank

The Export-Import Bank of Korea (Korea Eximbank) is an official export credit agency (ECA) providing comprehensive financial support to promote Korean companies’ business overseas. Korea Eximbank, established in 1976 pursuant to the “Export-Import Bank of Korea Act, is a government-owned policy bank. Korea Eximbank is also responsible for the operation of the Korean Official Development Assistance (ODA) program to developing countries under its’ government entrusted Economic Development Cooperation Fund (EDCF). As of year-end 2019, EDCF commitments sum up to U$17.98 billion to 57 countries for 446 projects. Korea has recently been accepted as a new bilateral development partner country by India. Korea Eximbank and EDCF have been closely working with the Indian government, state governments, project implementation agencies, MDBs and other bilateral institutions in developing projects in various sectors such as transportation infrastructure, information communication technology, medical/healthcare.