Mitsui & Co., Ltd. and the Export-Import Bank of Korea (Korea Eximbank) concluded a Memorandum of Understanding (MOU) expressing the intent of both parties to exchange information and engage in dialogue regarding a range of fields that include electric power, water resources, oil and gas, new energy, infrastructure, and ships and vessels.
Korea Eximbank, an export credit agency funded by the Korean government, provides export financing, guarantees and other forms of credit services to facilitate trade and overseas investment of Korean companies.
In the past, Mitsui has been a part of arrangements that have received Korea Eximbank financing and guarantees, including a project involving construction of an oil refinery in Egypt and another involving operation of a LNG terminal in Mexico. Going forward, the conclusion of this MOU will enable Mitsui and Korea Eximbank to work closely together and share information, thereby helping to spur Mitsui’s efforts to find promising new business opportunities, further promote overseas investment, and take part in more business deals.
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Source: Mitsui, September 28, 2011