The Export-Import Bank of Korea (Eximbank), South Korea's official export credit agency, is stressing to Korean companies and investors that “it's time to invest in Africa.” Since its establishment in 1976, Eximbank has endeavoured to facilitate building a stronger national economy and promote economic cooperation with other countries by extending its financial support - a catalyst for boosting Korea's export industry - to domestic exporting firms. Over the past three years, Eximbank has been working on repositioning itself as a major global lender that help economic growth of developing countries through Economic Development Cooperation Fund (EDCF) contributions.
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