The Export-Import Bank of Korea, a state-run trade bank, said it will increase its lending by 41% to 24 trillion won (US$22.8bn) in 2005.
The total will be comprised of 13.5 trillion won in loans and 10.5 trillion won in loan guarantees, the policy bank said.
Of the total, the bank plans to earmark 3.7 trillion won to support small- and medium-sized exporters next year, up 23% from this year.
Established in 1976, the lender provides export credit and project finance to South Korean companies engaging in international business.
Source: Asia Pulse
