MOU Concluded for Extensive Collaboration with Export-Import Bank of Korea
Sep. 28. 2011
Marubeni Corporation("Marubeni") and the Export-Import Bank of Korea ("Korea Eximbank") concluded a Memorandum of Understanding ("MOU") expressing the intent of both parties to exchange information and engage in dialogue regarding a range of fields that include electric power, water resources, oil and gas, new energy, infrastructure.
Korea Eximbank, an export credit agency funded by the Korean government, provides export financing, guarantees and other forms of credit services to facilitate trade and overseas investment of Korean companies.
In the past, Marubeni has utilized financing and guarantees provided by Korea Eximbank for one of the power projects in Southeast Asia. Going forward, the conclusion of this MOU will enable Marubeni and Korea Eximbank to work closely together and share information, thereby helping to spur Marubeni’s efforts to find promising new business opportunities, further promote overseas investment, and take part in more business deals.
Overview of Korea Eximbank
Name: The Export-Import Bank of Korea
Head office: 16-1, Yeouido-dong, Yeongdeungpo-gu, Seoul
Representative: Yong Hwan Kim, Chairman and President
Total assets: KRW 46,689billion
(approx. US$40,995million; as of December 31, 2010)