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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition