The Export-Import Bank of Korea has set up its wholly-owned subsidiary, KEXIM Asia Limited, in Hong Kong to serve as a window to the Asian market when the bank raises funds in the international capital market.

KEXIM Asia, a deposit-taking company under the Banking Ordinance, will extend medium and long-term loans to Koreans and local companies investing in the Mainland and Southeast Asia. It will also invest in the securities issued by these companies.

The Export-Import Bank of Korea, an official export credit agency set up in 1976, provides comprehensive export credit and project finance to support Korean enterprises conducting business internationally. It also administers two government funds.