Kexim to diversify $12bn funding needs in 2014

The Korean government-owned export credit agency said it would continue to support local currency markets next year, supported by the requirement for funding diversification and lower cost of capital.

Kexim to diversify $12bn funding needs in 2014

The Export-Import Bank of Korea Kexim is constantly looking at different markets and currencies for funding purposes, Hee-Sung Yoon, director general of international finance department at Kexim, said on Wednesday.

Yoon, speaking at FinanceAsia’s annual Borrowers Investors Forum, Southeast Asia, in Singapore, said the proportion of non-dollar funding has been quite substantial over the past few years and plans to continue its strategic diversification into other local currencies.

“We try...

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