The Export-Import Bank of Korea is expanding financial cooperation with the International Finance Corporation (IFC) in the areas of key mineral supply chains and advanced industries.
The bank announced on October 18 that President Hwang Gi-yeon met with IFC President Makhtar Diop on October 16 during the International Monetary Fund (IMF) and World Bank Group (WBG) annual meetings in Bangkok to discuss strategic financial collaboration.
The two institutions agreed to broaden their cooperation based on their successful partnership in large-scale infrastructure and energy projects in developing countries. They plan to enhance financial cooperation in strategic sectors such as key minerals and advanced industries in response to global supply chain restructuring and changes in industrial structures.
The Export-Import Bank intends to leverage the WBG's multilateral cooperation platform and support mechanisms to expand collaboration across the entire value chain of key minerals. Additionally, it aims to increase joint financial support in eco-friendly new industries and artificial intelligence (AI) and digital infrastructure.
Hwang Gi-yeon stated, "We will continue to serve as a financial bridge to actively support our companies' overseas expansion in key mineral supply chains and advanced industries in collaboration with global financial institutions."
* This article has been translated by AI.
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