□ On August 10, Korea Eximbank (www.koreaexim.go.kr, Chairman Yong Hwan Kim) signed an MOU with five domestic securities companies including Daewoo Securities, at the 63 Building in Yeoido, to strengthen partnership in financing overseas projects.

* 5 Participating Securities Companies: Daewoo Securities, Samsung Securities, Shinhan Investment Corp., Korea Investment & Securities

□ Through the MOU, Korea Eximbank’s overseas networks and expertise in financing overseas projects are integrated with domestic securities companies’ expertise in various capital markets, including stocks and bonds, to increase synergy among Korea Eximbank and participating securities companies and better support Korean companies in their efforts to win overseas contracts.

○ In particular, Korea Eximbank plans to strengthen partnerships with domestic banks and securities companies in order to assist Korean export companies secure funding as increasing instabilities in the global financial market, such as the recent US financial crisis, have made it difficult for companies to secure financing.

□ Chairman Kim stated, “Information exchange and cooperation in the financial industry are essential in co-financing large-scale overseas projects as well as developing advanced financial techniques.”

○ “By collectively sharing financial knowledge and expertise each has gained in various sectors, we can better develop Korean export companies and provide greater financial support.”

□ Under the MOU, Korea Eximbank and the five respective securities companies plan to hold regular business meetings for information exchange of overseas projects as well as exchange human resources.

□ On a side note, in order to efficiently and effectively support overseas projects which are increasingly becoming large-scale, Korea Eximbank MOUs with KDB and with domestic/foreign commercial banks to strengthen partnerships with public and private financial institutions.