"Making Policy Finance Accessible to Companies"… Ministry of Economy and Finance Holds Export Finance Briefing Session

The One-Stop Export Order Support Team of the Ministry of Economy and Finance held an export finance support program briefing session jointly with the Korea International Trade Association at the Seoul Trade Tower on the 22nd.

Kim Byung-hwan, head of the One-Stop Export Order Support Team and First Vice Minister of the Ministry of Economy and Finance, stated in his opening remarks, "The recent recovery in exports has been possible above all thanks to the relentless efforts of companies," adding, "The government is also actively working to support this."

However, Vice Minister Kim pointed out that a recent survey by the Korea International Trade Association on financial difficulties faced by exporting companies revealed low awareness of export finance support policies among companies, emphasizing, "If the policy beneficiaries, the companies, cannot feel the impact, then the policy is as good as non-existent," and explained the purpose of the briefing session by saying, "We hope that companies will feel the reach of policy finance through today's briefing."

The briefing session was attended by six policy finance institutions (Export-Import Bank of Korea, Korea Trade Insurance Corporation, Small and Medium Business Corporation, Korea Credit Guarantee Fund, Korea Technology Finance Corporation, and IBK Industrial Bank of Korea) and over 170 companies.