| Borrower |
- Entities (including foreign buyer) that contributes to the export transaction of a Korean exporter
|
| Purpose |
- Payments by foreign governments or companies to import goods and services from Korean companies
- Capital Investment
- Working capital
- Other business operations
|
| Coverage |
- Up to 90% of the funds required·For import payments, within the limits set forth by the
"OECD Arrangement on Officially Supported Export Credits"
|
| Loan Period |
- Maximum 30 years
- For import payments, a repayment term shall not exceed the limit prescribed under the
"OECD Arrangement on Officially Supported Export Credits"
|
| Repayment Method |
- Periodic installments of at least once a year (Lump-sum payment is possible for loans with repayment terms of 3 years or less) with
- Maximum grace period of 3 years (5 years for loans with repayment terms of 10 years or above)
- For import payments, method set forth by the "OECD Arrangement on Officially Supported Export Credits"
|