Eximbank inks loan deal with Chinese counterpart
Seoul - Yonhap
The Export-Import Bank of Korea (Eximbank) said Friday it has clinched a loan deal with its Chinese counterpart to provide Korean firms with loans and guarantees for their overseas projects. Under the agreement, Eximbank Korea will extend a loan to a domestic company doing business in another country, with the Export-Import Bank of China giving a guarantee on the company's equipment if it is made in China to be used in the overseas project, the Seoul-based policy lender said in a statement.
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