The government said Monday that it has injected 100 billion won ($89.6 million) into the Export-Import Bank of Korea to help the policy lender secure better trade financing capacity for exporters.
The capital increase was made in the form of stock contribution as the government used about 9.55 million shares in the state-run Korea Express Corp., according to the Finance Ministry.
The move is aimed at providing more financing capacity for the bank so that it can help strong but liquidity-strapped exporters suffering from the sluggish global economic growth, the ministry said.
As a result of the capital injection, the government saw its stake in Eximbank from 67.1 percent to 67.5 percent, according to the ministry. (Yonhap News)
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