The Export-Import Bank of Korea (www.koreaexim.go.kr, Chairman Yong Hwan Kim, “ Korea Eximbank”) announced on October 30 that it held the first meeting of the Inter-Korean Cooperation Advisory Committee at the 63 Building in Seoul to gather expert opinions on the future direction of the bank’s work on inter-Korean cooperation.

The Inter-Korean Cooperation Advisory Committee consists of 10 experts including former Vice-Minister of Unification Jong Sik Um and Dongguk University professor Yu Hwan Ko. Its mission is to assist Korea Eximbank in managing the Inter-Korean Cooperation Fund and in preparing for changes in inter-Korean relations by providing expert input on outstanding issues.

Chairman Yong Hwan Kim of Korea Eximbank said in his greeting message, “I expect a lot of changes in the relationship between South and North Korea. The ideas raised in this advisory committee will be very helpful for managing the Inter-Korean Cooperation Fund.”

Korea Eximbank has been playing an important role in promoting Inter-Korean exchanges and in preparing for unification by managing the Inter-Korean Cooperation Fund entrusted to it by the Government since 1991.
The export credit agency has spent a total of USD 5,203 million from the Inter-Korean Cooperation Fund to finance food and fertilizer aid to North Korea, reunions of separated families, flood relief efforts, and railway and road projects connecting the divided peninsula.