Kexim pledges more funds for shipbuilding loans

Region:

Asia-Pacific

Daniel Sheriff

CEO

The Export-Import Bank of Korea (Kexim) has declared it will increase the amount of ship construction loans to be extended to domestic shipyards this year by KRW500 billion ($449 million) to KRW4 trillion ($1.8 billion) in order to bring relief to South Korea’s troubled shipbuilding industry.

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