■ Korea Trade Insurance Corporation (K-SURE, www.ksure.or.kr) announced that Mr. Ho-il Kim, Executive Director of Investment & Finance Division was inaugurated as the head of Maritime Finance Center (MFC).

○ The Busan-based center was jointly launched by K-SURE, KDB Industrial Bank, and EXIM Bank in September 2014.

○ Currently, about 80 experts from the three organizations are deployed to the center and providing one-stop service from the support for the shipbuilding and shipping industries to maritime financial services (loan, guarantee, insurance and investment).


■ By September 2020, as a representative of MFC, Mr. Ho-il Kim will do external works including signing MOU and leading cooperation between the government and related organizations.

○ K-SURE is in charge of operating the Maritime Finance Council, the One-Stop Consultation Center and the Chosun Maritime Business Information Center.


■ Since its launch, MFC has arranged KRW 6 trillion (106 ship) of joint financing for four years.

○ Also, under the program, of which total budget is about KRW 2.7 trillion, supporting for building new ships, the center has provided around KRW 710 billion for shared growth of shipbuilding and shipping.


■ Mr. Ho-il Kim, the head of the center, said that “The program will help us increase the number of ship for domestic shipping companies and overcome challenges form decreasing shipbuilding orders of shipbuilders.”

○ He added that “MFC will play a pivotal role as a marine financial hub.”