Gov't to invest additional 500 bln won in state-run trade bank

SEOUL, March 24 (Yonhap) -- The government said Tuesday that it will invest an
additional 500 billion won (US$360 million) in a state-run trade bank to enhance
its capital base and increase its lending capacity to exporters.
The Export-Import Bank of Korea will receive the investment in the form of
government stakes in Korea Express Corp. by the end of this month, according to
the Ministry of Strategy and Finance. The stock transfer will be completed by the
end of this month.
The move comes after the ministry invested 650 billion won and 300 billion won in
the bank through stock transfers in recent months.
Currently, the government holds a 69-percent stake in the bank. The additional
investment will raise the ratio to 72.3 percent, the ministry said.
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