The Export-Import Bank of Korea and Korea International Cooperation Agency will provide funds for projects at an interest rate of 0.7% to 1.5%. — Bloomberg
SEOUL: Two South Korean government-backed lenders are open to providing cheap loans to Indian shipyards that are willing to partner with the east Asian nation’s shipbuilders, according to sources.
The Export-Import Bank of Korea and Korea International Cooperation Agency (Kica) will provide funds for projects at an interest rate of 0.7% to 1.5%, the source said.
