KEXIM Asia, a deposit-taking company will extend medium and long-term loans to Korean and local companies investing in China and Southeast Asia. It will also invest in the securities issued by these companies.

The new subsidiary will function as the market window to Asia when Korea EXIM raises funds in the international capital market.

Korea EXIM is an official Export Credit Agency set up by the government in 1976. It provides comprehensive export credit and project finance to support Korean enterprises conducting business internationally. Korea EXIM also administers two government funds, a Korean ODA programme and a cooperation programme with North Korea.