Photo courtesy of Exim Bank of South Korea

S. Korea’s Exim Bank join forces with Polish development bank

The partnership focuses on financial support for infrastructure, transportation, and renewable energy.

South Korea's Export-Import Bank (Exim Bank) partnered with Poland's BGK, the national development bank, to boost business cooperation, as reported by Yonhap news agency.

The three institutions signed a memorandum of understanding (MOU) in Warsaw, focusing on financial support for infrastructure, transportation, and renewable energy.

READ MORE: S. Korea's Exim Bank joins hands with Polish development bank

BGK, established in 1924, is a state-owned bank in Poland that finances export transactions and governmental programs.

Poland ranks among South Korea's top three trading partners in Europe, particularly in high-tech sectors like batteries. 

ALSO READ: Korea Eximbank issues $580m Kangaroo bonds

In the past year, Poland invested around 20t won ($15.5b) in Korean weaponry, including K2 tanks, K9 self-propelled howitzers, and FA-50 fighter jets.

 

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