Skip Navigation
본문내용
Import credit is provided to Korean importers for the purchase of main resources, equipment and machinery, and high-technology products whose reliable and timely supply is essential to the national economy. The funds provided by the Bank should be utilized to make the payments for imported goods(including import L/C).
Eligible Items
- Iron, copper, zinc, lead, aluminum, nickel, tin, tungsten, molybdenum, tantalum, magnesium, cobalt, titanium, zirconium, antimony, manganese, chromium related resources and semi-manufactured goods
- Stainless steel, other alloyed steel, non-alloyed steel and semi-manufactured goods
- Diamond, gold ore, white gold ore, gold dust, silver ore
- Bismuth ore, mercury ore, mineral phosphate, uranium ore
- Coal, crude oil, naphtha
- Lumber and semi-manufactured goods, wood pulp, scrap paper
- Raw cotton, raw sugar, wheat, soybean, corn, raw rubber
- Graphite, mica, asbestos, fluorite, lime (including marble), talcum, sulfur, silica sand, rock salt
- Nuclear fuel
- LNG, LPG
- High-technology products and components designated by Ministry of Knowledge Economy
- Items listed in the regulation for reduction of tariff customs for ① factory automation equipments, ② environmental pollution prevention goods, and ③ goods for research & development of industrial science and technology
- Products, components, and technologies related to renewable energy
Terms & Conditions
| Borrower | Korean importers who trade in eligible items specified herein |
|---|---|
| Currency | In a foreign currency or Korean Won |
| Coverage | A foreign currency or Korean Won |
| Coverage | Up to 80% of the import contract amount (90% in the case of SMEs, 100% for the transactions with L/C opened by the Bank) |
| Types of Credit | Project loan or line of credit within 50% of annual importing amount |
| Interest Rate |
|
| Repayment Term | Maximum repayment period of 2 years for the importation of eligible items herein and a maximum of 10 years for the importation of both equipment and machinery |
| Repayment of Principal | Basically annual equal installments |
| Security | Loans can be made on credit to creditworthy borrowers. In addition, a bank guarantee, pledge, or mortgage on the borrower’s local assets could be used as collateral. |
