Korean trade bank increases loans

Korean trade bank increases loans

Korean trade-related policy bank announced that it is planning to increase its trade financing to Won 13.5 trillion (around $13 billion) this year from last year's Won 11.5 trillion. The Export-Import Bank of Korea also stated that it will increase the loans to Won 15 trillion in 2006 and Won 16.5 trillion in 2007. The policy bank will increase the loans to Won 3.4 trillion for small and midsize companies this year compared with Won 2.6 trillion last year. Next year, the loans will be increased to Won 3.8 trillion for small companies.