The Export-Import Bank of Korea

SECTOR Agency
RATINGS AA/Aa2/AA-
RATING OUTLOOK All stable
FUNDING VOLUME 2019/2020 US$9BN/US$10BN (target)
RISK WEIGHT 0%
REPO ELIGIBILITY SNB, RBNZ
About The Export-Import Bank of Korea

The Export-Import Bank of Korea (Korea Eximbank or Kexim) is an official export-credit agency providing comprehensive export-loan and guarantee programmes to support Korean enterprises conducting business overseas. Since its establishment in 1976, Kexim has actively supported Korea’s export-led economy and facilitated economic cooperation with foreign countries.

Kexim’s primary services include export and trade financing, and guarantee programmes structured to meet the needs of clients in a direct effort to complement and strengthen their competitiveness in global markets. Kexim also provides overseas investment financing, import financing, and financial advisory and structuring services aimed at exploiting business opportunities abroad.

Sustainable funding strategy

Kexim has been successfully issuing green bonds since 2013. These bonds finance projects involving new and renewable energy, low-carbon emission, energy efficiency and environmentally friendly industry.

Kexim issued its first social bond in September 2020 to support SMEs hit by COVID-19. Kexim’s social bonds provide financial resources to Korean SMEs that are affected by natural disaster and pandemics.

Kexim will continue to seek opportunities to issue these bonds.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMMES
Green bonds: promoting the transition to low-carbon and climate-resilient growth. Social bonds: supporting SMEs affected by natural disasters and pandemics, including COVID-19, and contributing to preserving business and employment continuity.

GSS BOND PROGRAMMES KEXIM Green Bond Framework, KEXIM Social Bond Framework on the COVID-19 Response

REFERENCE TAXONOMY FOR THE USE OF PROCEEDS

 Issuer’s own definitions
FRAMEWORKS WITH WHICH THE GSS BOND PROGRAMMES ARE ALIGNED Green Bond Principles, Social Bond Principles
EXTERNAL REVIEW PROVIDERS Green: CICERO, Center for Climate Research Social: Sustainalytics
FOR FURTHER INFORMATION PLEASE CONTACT:

Won-Suk Ha
Director of Treasury Group
+82 2 3779 6236
This email address is being protected from spambots. You need JavaScript enabled to view it. 
www.koreaexim.go.kr/en