Korea Eximbank Expands Financial Cooperation with IFC and UK Export Finance on Critical Minerals and Advanced Industries

President Hwang Giyeon Meets with Both Institutions
AI, Emerging Eco-Friendly Industries, Critical Mineral Supply Chains, and More
Also Agrees to Expand Cooperation with UK Export Finance

The Export-Import Bank of Korea said on October 18 that President Hwang Giyeon discussed ways to expand financial cooperation with the International Finance Corporation (IFC) and UK Export Finance (UKEF) on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Bangkok, Thailand.

Hwang met with IFC President Makhtar Diop and agreed to expand cooperation based on the achievements they have built through collaboration on infrastructure and energy projects in developing countries.

International Finance Corporation President Makhtar Diop (left) and Export-Import Bank of Korea President Hwang Giyeon. Export-Import Bank of Korea.

In particular, they agreed to strengthen financial cooperation in critical mineral supply chains, emerging eco-friendly industries, artificial intelligence (AI), and other advanced industries, in response to the restructuring of global supply chains and changes in industrial structures.

Earlier, on October 15, Hwang also met with UKEF Chief Executive Tim Reid to discuss ways to expand financial cooperation in key areas, including the transition to decarbonization, critical mineral supply chains, and the defense industry.

This content was produced with the assistance of AI translation services.