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Trade Finance

Letter of Credit

A Letter of Credit is a document issued by Korea Eximbank guaranteeing
payment to a foreign seller on behalf of an importer.
The Bank opens L/Cs for importers to facilitate the import of essential
materials and natural resources.

Terms & Conditions

Terms & Conditions - Content, Details
Content Details
Eligible Transactions
  • Imports of eligible items defined by Korea Eximbank
Currency
  • KRW, USD, JPY, EUR, etc.
Eligible Amount
  • More than US$50,000 per transaction
Commission
  • Determined as per credit rating