Republic of Korea: Eximbank approves credit line ceiling increase with Indian ICICI Bank to promote Korean companies and goods

On 15 January 2014 the Export-Import Bank (Eximbank) of Korea signed an Unitied Interbank Loan Agreement with ICICI Bank, increasing the Indian bank’s credit line ceiling with USD 200 million, now totalling USD 1 billion. The first credit line agreement was originally established in 2007, at that point totalling USD 200 million. In this context the Bank stated: “This agreement will serve as a financial bridge for Korean companies targeting the Indian market. Korea Eximbank will exploit ICICI Bank's extensive financial network to provide the fullest possible support to Korean businesses entering India.