The Export-Import Bank of Korea (Korea Eximbank) signed a memorandum of understanding with Mongolia’s Trade and Development Bank (TDB) to provide a $30 million on-lending facility aimed at boosting exports of Korean consumer goods, the state-run lender said Sunday. Under the arrangement, Korea Eximbank will extend financing to TDB, which will then lend the funds to local importers purchasing Korean products. The indirect financing scheme is intended to improve access to trade finance while supporting bilateral commerce. The agreement comes as demand for Korean consumer goods and K-culture continues to grow in Mongolia. TDB, which operates more than 90 branches nationwide, serves a broad base of importers of Korean food, beverages, cosmetics and other products. The facility marks Korea Eximbank’s first on-lending program for Mongolia since the country’s 2017 foreign exchange crisis. The lender said it expects the program to help Korean exporters expand their presence in the market while easing funding constraints for companies already operating there. Leveraging TDB’s nationwide network,
Korea Eximbank partners with Mongolia to boost Korean consumer goods exports
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