The Export-Import Bank of Korea is exploring financing support for Korean companies expanding into India’s shipbuilding, steel and critical minerals sectors, the state-run lender said Thursday.
Korea Eximbank Chairman and CEO Hwang Ki-yeon met Indian Ambassador to Korea Gourangalal Das at the bank’s headquarters in Yeouido, Seoul, to discuss cooperation in strategic industries.
The talks focused on building local ecosystems in shipbuilding, maritime industries and advanced manufacturing in line with India’s “Make in India” initiative.
The two sides reviewed potential support for Korean companies considering projects in India, including the construction of shipyards and integrated steel mills.
They also explored expanding cooperation into critical minerals, digital technologies, artificial intelligence and clean energy.
Hwang highlighted India’s reserves of key minerals, including lithium, and called for combining the country’s resources with Korea’s technological capabilities to strengthen supply chain security.
Korea Eximbank has supported Korean exports and investments in India through on-lending programs with local commercial banks. Under the arrangement, the bank provides funding to Indian financial institutions, which lend to local companies doing business with Korean firms.
“Korea Eximbank will continue to serve as a financial bridge supporting Korean companies’ expansion into India across a range of strategic industries,” Hwang said.
yejinlim@heraldcorp.com
