Korea Eximbank considers financing Korean companies’ expansion in India
The Export-Import Bank of Korea, Korea Eximbank, is considering financial support for Korean companies planning to expand operations in India in shipbuilding, metallurgy and critical minerals. This was reported by Korea Herald.
Talks in Seoul
Korea Eximbank Chairman and CEO Hwang Ki-young met with Gourangalal Das, India’s ambassador to the Republic of Korea, at the bank’s headquarters in Seoul’s Yeouido district. The sides discussed bilateral economic issues and cooperation in strategic industries.
The talks focused on creating local ecosystems in shipbuilding, the maritime industry and advanced manufacturing in line with India’s Make in India initiative. The sides also considered possible support for Korean companies exploring projects in India, including the construction of shipyards and integrated steel mills.
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Minerals and technology
Separately, the meeting participants discussed the possibility of expanding cooperation in critical minerals, digital technologies, artificial intelligence and clean energy. Hwang Ki-young pointed to India’s reserves of important minerals, including lithium, and called for combining the country’s resource potential with South Korea’s technological capabilities to strengthen supply-chain security.
Korea Eximbank has already supported Korean exports and investments in India through lending programs involving local commercial banks. Under this arrangement, the bank provides funds to Indian financial institutions, which then lend to local companies doing business with Korean firms.
“Korea Eximbank will continue to serve as a financial bridge, supporting the expansion of Korean companies in India across a range of strategic industries,” Hwang said.
