- K-SURE’s support opens the way to Korea SMEs’ U$600M of parts and equipments export for the project.
- Exemplary case of K-SURE’s proactive financing support


■ Korea Trade Insurance Corporation (K-SURE, www.ksure.or.kr, Moon Jaedo, president) announced on Wednesday, May 23 that, with the Export Import Bank of Korea (Korea Eximbank), it would provide USD1.15 billion of export financing for a LNG Terminal Construction Project in Kuwait participated by Korean companies.

○ This project is to build a LNG terminal in the Al Zour Industrial Area located in the South of Kuwait, and in March 2016, a Korean consortium of Hyundai Engineering, Hyundai Construction and Korea Gas Corporation won the deal of USD 2.8 billion.

○ This project is the first case of having dual support from K-SURE and Korea Eximbank since a MOU signed between the two institutions to facilitate Korean companies’ job creation and enhance their bid winning prospect. In the process of project bidding, active support made by the two ECAs played a pivotal role in the final awarding of the project.


■ President Moon of K-SURE stated that “Providing effective and competitive financing terms has become very crucial as less project deals are on the market due to oil price drop continued since 2014.

○ K-SURE is committed to focus on maintaining the upward trend of Korean export through provision of competitive financing terms for overseas projects to help Korean companies win more projects and boost export of Korean SMEs.“