Focused on Laying the Foundation for Sustainable Policy Finance Over Three Years in Office
Yoon Heesung, President of the Export-Import Bank, is delivering the inaugural speech at the launch ceremony of the Supply Chain Stabilization Fund held last September at the Export-Import Bank in Yeouido, Seoul. Photo by Kang Jinhyung aymsdream@
Yoon Heesung, President of the Export-Import Bank of Korea, whose term ends on July 26, reflected that over the past three years, he has focused on strengthening the foundation of the bank’s policy finance by significantly expanding the statutory capital and launching the Supply Chain Stabilization Fund.
In his farewell address on July 10, President Yoon emphasized, “During my tenure, the Export-Import Bank increased its statutory capital to 25 trillion won, laying the groundwork for sustainable policy finance.” The bank expanded its statutory capital by 10 trillion won, from the previous 15 trillion won to 25 trillion won, through a revision of the Export-Import Bank Act in January last year. During this process, President Yoon made significant contributions, including personally persuading members of the National Assembly. With the increased statutory capital, the bank was able to more actively support the overseas expansion of South Korea’s defense and nuclear power companies.
During his term, President Yoon also contributed to enhancing the global competitiveness of Korean companies by expanding the Supply Chain Stabilization Fund. The fund was established in 2024, in the middle of his tenure, to systematically support key projects related to the stabilization of Korea’s supply chains. This year, the bank doubled the size of the fund to 10 trillion won compared to last year, allocating substantial resources to Korea’s core industries such as advanced strategic industries, resource security, essential goods for the national economy, and logistics infrastructure.
He explained, “By successfully launching the Supply Chain Stabilization Fund, we contributed to further enhancing the global competitiveness of domestic companies.” He added, “By introducing development finance, we have laid the foundation for the bank to leap forward as an external economic cooperation bank.”
President Yoon also stated, “Recently, we established the Global and Capital Markets Division, preparing to grow capital markets operations as a new pillar of policy finance,” and emphasized, “By completing the establishment of an independent IT center, we are accelerating the bank’s digital transformation.”
He requested continued interest and encouragement for the bank, saying, “Even after my departure, the Export-Import Bank will continue to strive to provide better services as an international cooperation bank, based on your trust.”
Meanwhile, President Yoon was recognized as the first internally promoted president of the bank, noted for his high level of expertise and outstanding communication skills. It is reported that his successor has not yet been determined. Until the next president is appointed, Ahn Jonghyuk, Executive Director (Senior Deputy President) of the bank, will serve as acting president.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
