Korean Exim Bank policy changes boost construction sector

The Exim Bank of Korea has lowered foreign earnings ratios for construction companies seeking guarantees in an attempt to boost the flagging sector.

Elaine Leong

August 09, 2000

The Exim bank of Korea has lowered from 20% to 15% the minimum foreign exchange earning ratio for Korean construction companies seeking guarantees from the bank for their overseas projects. This follows a downturn in overseas demand for the services of Korean construction companies.

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