For Korean Medical and Healthcare Industries
The Export-Import Bank of Korea announced on May 13 that it has signed a business agreement with the Korea Health Industry Development Institute (KHIDI) to strengthen cooperation in supporting Korean companies’ expansion into overseas markets in the healthcare and medical sector.
The state-run bank manages Korea’s Economic Development Cooperation Fund (EDCF) loans. It also represents Korea as a leading export credit institution that supports Korean companies' overseas expansion.
The KHIDI specializes in fostering the domestic health care industry and global cooperation in the health and medical fields.
Under the agreement, the two organizations will cooperate in the whole process of implementing EDCF projects, including the development of business models and the joint development and discovery of projects and the discovery of promising biotech companies and innovative pharmaceutical and medical companies that can advance into overseas markets and consulting and financial support for them.