|
|
Article: Korea : Eximbank to provide W20tr to 300 SMEs.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: babalu03
The Export-Import Bank of Korea said yesterday that it will provide 20 trillion won ($16.9 billion) in loans and other forms of financial support to 300 small companies by 2019.
The state-run export credit provider announced 12 beneficiaries as the first group of "Korean hidden champions" that will be provided with a prime rate on loans, discounts on banking transaction fees, increased credit lines and other financial support.
A total of 300 companies will be selected by 2019. The bank hopes to nurture them to achieve net exports of $48 billion and a GDP contribution of $25.6 billion.
The targeted "hidden champions" ...