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Eximbank, Japan to spur joint overseas projects

The Export-Import Bank of Korea and its Japanese counterpart bank discussed ways to boost cooperation in joint overseas projects during a seminar in Tokyo on Tuesday, bank officials in Seoul said.

The seminar was attended by Eximbank vice chairman Hong Young-pyo, the Japanese Bank for International Cooperation CEO Hiroshi Watanabe and some 130 bank officials and executives of plant constructors from the two countries.

The participants discussed cooperative measures and shared information on overseas projects. The seminar revolved around export financing, outlook on overseas plant construction, energy-related engineering, and overseas loans, Eximbank officials said.

Ever since the two state-controlled banks held their first joint seminar in 2011, they have pushed for aggressive overseas projects. They have made a total of $10.9 billion in loans to four large joint projects on constructing energy facilities in the Middle East for the past four years.

(joowonc@heraldcorp.com)
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