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Press Release

Korea Eximbank Hosts Meeting to Share Achievements in Its Support for Feasibility Studies on Overseas Projects

Date 2024.03.27 View 125

□ The Export-Import Bank of Korea (www.koreaexim.go.kr, Chairman Yoon Hee-sung, “Korea Eximbank") announced on March 27 that it hosted the ”Meeting to Share Achievements in Feasibility Study(F/S)* on Overseas Projects“ at its headquarters in Seoul, Korea.

 

*An assessment of the practicality and feasibility of a proposed project, analyzing technological, financial and legal issues, which are the most fundamental aspects for the success of a project

 

ㅇ The meeting was attended by more than 40 executives and employees from 18 companies involved in overseas projects, including those in engineering, accounting, and law firms. 

 

 

□ Korea Eximbank has been providing financing for F/S for overseas projects implemented by Korean firms since 2020.

 

ㅇ It facilitated Korean companies’ development of 28 projects totaling U$ 32 billion in 10 countries, including Vietnam, Indonesia, and Australia. 

 

※ Overseas projects subject to F/S are selected through public recruitment by the selection committee twice a year. 

 

ㅇ This support aims to bolster the success of projects by ensuring that Korean companies conduct comprehensive F/S covering technological, financial, and legal aspects from the early stages of each project. 

 

 

□ The purpose of the meeting was to share achievements and knowledge gained from F/S conducted thus far and to gather grievances and suggestions.

 

ㅇ During the first session, presentations and Q&A sessions were held on a railroad network project in Vietnam and a road construction project in Bangladesh. 

 

ㅇ Subsequently, strategies to minimize obstacles and improve the efficiency of F/S were discussed, drawing upon suggestions from participating companies.

 

 

□ Korea Eximbank Senior Executive Director Hwang Ki-yeon remarked at the meeting, “We are committed to maximizing the chances of success for Korean companies in their overseas businesses and addressing the challenges they encounter. We will continue to support F/S as a vital step for entering overseas markets.”