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Furthermore, the bank will take advantage of the revised Korea Eximbank Act, which defines its operational scope in less restrictive terms than before, to expand its use of such non-loan financial programs as equity investment, bond guarantees, and external debt guarantees.
Investment in shares and funds, in particular, is likely to attract the participation of other financial institutions in overseas projects by improving the credibility of large-scale projects.
Korea Eximbank Chairman Kim Yong-hwan remarked at the briefing, "Government policy-based financing is assuming an ever-increasing role as the financial competitiveness of companies directly translates into their competitiveness in winning overseas project," adding that "Korea Eximbank will serve as a solid ladder of growth for Korean companies competing in overseas markets through its creative and flexible financial services."