K-SURE Hosts the 2nd Eunhaengnamu Forum for a Major Shift Toward Productive Export Financing

Korea Trade Insurance Corporation (K-SURE) announced on the 10th that it held the 2nd Eunhaengnamu Forum at The Westin Josun Seoul on the 9th. The event brought together nine special contributing banks (Hana Bank, Shinhan Bank, Woori Bank, KB Kookmin Bank, Industrial Bank of Korea (IBK), NongHyup Bank, Busan Bank, iM Bank, Toss Bank), MOTIE, and the FSC to discuss cooperation strategies for a major shift toward productive export financing.
Launched in May, the Eunhaengnamu Forum (Trade Insurance Shared with Banks), a joint consultative body between the government and banks, was established to discuss ways to expand trade finance for exporting SMEs and to revitalize exports. The scale of trade finance support and participation by special contributing banks has significantly increased, with MOTIE and the FSC jointly involved, reflecting strong interest and high expectations for a transition to productive finance.
Additionally, the consultative body has enabled institutional improvements that immediately reflect industry-specific financial needs, leading to greater effectiveness of trade finance as experienced by exporters.
Notably, a new Export Supply Chain Enhancement Guarantee has been introduced to support SMEs and mid-sized partner companies alongside large corporations. Starting with industries affected by tariffs, such as automobiles and steel, the program will be expanded to various sectors including consumer goods and distribution.
Furthermore, support for the special credit guarantee will be expanded for companies with growth potential but facing temporary financial difficulties that make it hard to access conventional finance. The support scale, which stood at 7.3 billion KRW last year, is expected to surge to 200 billion KRW this year.
During the forum, participants discussed public-private cooperation tasks through sharing government policies and financial issues, as well as various measures to activate productive finance focused on fostering future industries.
K-SURE plans to go beyond simply expanding special contributions, aiming to establish industry-specific guarantee systems linked to national policy tasks. The goal is to minimize tariff damages for Korean companies and take the lead in pioneering future industries such as Artificial Intelligence (AI).
Jang Young-jin, President of K-SURE, stated, “Through the Eunhaengnamu Forum, bank contributions (preferential export package financing) and corporate contributions (Export Supply Chain Enhancement Guarantee) have been combined. By establishing a comprehensive support system for export companies through public-private cooperation, we plan to supply over 4 trillion KRW in guarantee agreements in the future. Next year, we will continue to provide robust support for export financing to ensure that the most productive export sites receive more and faster financial support.”
leeyb@fnnews.com Lee Yu-beom Reporter