Press Release Korea Export-Import Bank Begins Support for Supply Chain Stabilization Fund Written on September 30, 2024
□ Korea Export-Import Bank (www.koreaexim.go.kr, President Yoon Hee-sung, hereinafter referred to as ‘Korea Export-Import Bank’) announced on the 29th that it will support 150 billion won to 4 projects through the Supply Chain Stabilization Fund (hereinafter referred to as ‘Supply Chain Fund’).
□ On the 27th, the Korea Export-Import Bank held the 2nd Supply Chain Stabilization Fund Operation Deliberation Committee* at its Yeouido headquarters and deliberated and decided on the first support target project of the Supply Chain Fund, which was officially launched on the 5th.* The 1st Supply Chain Stabilization Fund Operation Deliberation Committee (9.5) deliberated on ‘24-year fund operation plan, system-related matters
ㅇ The Deliberation Committee approved ▲Eco Promaterials’ expansion of secondary battery cathode raw material production facilities, ▲Keumseong E&C’s urea import, ▲Seonglim Advanced Industry’s rare earth permanent magnet production, and ▲Farm Story’s feed grain purchase business as support projects.
□ The supply chain fund was established in the Korea Mercury Bank in accordance with the ‘Basic Act on Supply Chain Stabilization Support for Economic Security’ to systematically support our companies’ supply chain stabilization projects.
ㅇ The Korea Mercury Bank plans to raise funds within the range of up to 5 trillion won in the second half of the year through the issuance of government-guaranteed fund bonds.
□ A Korea Mercury Bank official said, “We will actively support our companies’ strengthening of their supply chain crisis response capabilities in the economic security sector, such as advanced strategic industries and essential goods.”
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