Country plans to take measures to boost trade.

By bne IntelliNews February 11, 2011
South Korea is planning to expand its loan credit size and export-import insurance coverage to USD 239.2bn to achieve the trade target of USD 1trn set for this year. As reported by Asia Pulse, the Ministry of Knowledge Economy stated that the state-run Korea Trade Insurance Corporation is likely to set aside KRW 200trn in trade-related insurance coverage for 2011, with the Export-Import Bank of Korea (Exim bank) to offer KRW 66trn worth of loans to businesses engaged in trade.

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