- Aims to increase the bid-winning competitiveness of Korean companies through a close mutual cooperation with the 2 agencies.

■ Korea Trade Insurance Corporation (K-sure, www.ksure.or.kr, Kim Young-hak, president) announced that it signed MOUs with KazExportGarant JSC (KEG) and the Development Bank of Kazakhstan (DBK) on November 10 at Lotte Hotel, Seoul.

■ The signing of MOUs respectively with KEG and DBK, which aims to support exports and investment of Korean companies’ entering into emerging markets such as Kazakhstan, was held as a part of the ‘Korea-Kazakhstan Business Forum’ arranged on the sidelines of Kazakhstan President’s visit to Korea.

■ By forming a closed network with the two Kazakhstan policy financing institutions, K-sure plans to increase its financing capacity for Korean companies while enhancing their bid-wining competitiveness through information sharing on new projects and business opportunities in the region.

■ Mr. Yanghyun Lim, Executive Director of K-sure stated that “K-sure expects that the MOUs with the Kazakhstan ECA and development bank would help Korean companies win more contracts in emerging markets including Kazakhstan.

○ Korean companies need our strong trade insurance support to win in a fierce global competition over emerging markets, and K-sure is ready to provide active support to Korean companies for them to gain bigger shares in those markets.“