2024 Korean-Hellenic Maritime Cooperation Forum / JUNE 5, 2024 Meet K-SURE The Financial Partner Broadening Your Fairway LEE Chulyoung Senior Manager, Maritime Finance Department “ (Korea Trade Insurance Corporation) is an official Export Credit Agency operating under the Minister of Trade, Industry and Energy(MOTIE) “ 1 Who We Are CONTENTS 2 What We Do 3 How We Do Meet K-SURE 4 MLT Financing Prog. [...] • SHORT-TERM EXPORT CREDIT INSURANCE • EXPORT CREDIT GURANTEE “ 6 / 23 2024 Korean-Hellenic Maritime Cooperation Forum FINANCING FOR SHIP OWNERS INSURANCE COVER BUILDING & DELIVER FUNDING & SELECTING FINANCING “EXPORT” KOREAN SHIPYARD EXPLORING ESTABLISHING POTENTIAL SHIPYARDS SHIP BUILDING PLAN How We Do Fundamental Principles 8 / 23 2024 Korean-Hellenic Maritime Cooperation Forum PURE COVER “Off. [...] “ 9 / 23 2024 Korean-Hellenic Maritime Cooperation Forum OECD ARRANGEMENT Major Factors Ship Sector Purpose Generally Understanding • To foster a level playing field for official support Maximum • For competition based on quality and price Support 85% 80% • Rather than supported financial conditions “Common Guideline Tenor 15yrs 12yrs For Fair Competition” MLT Financing Program A Leading Financing. [...] Export Infrastructure Insurance(Ship) The Insurance to indemnify losses of financial institutes caused as the financial institutes provide loans for ship purchase with repayment period 2 years to flag carrier(Korea), but become unable to recover the principal and interest of the loan. [...] Export Bond Insurance(Advanced Payment) The guarantee to claim return of advance payments to exporters if they do not implementtheexportfollowingreceiptofadvancepayment 14 / 23 2024 Korean-Hellenic Maritime Cooperation Forum MLT PROGRAM PORTFOLIO For 54 Shi1pb0uilding18% USD, BILLION USD, BILLION Total Outstanding Commitments of MLT Programs (as of the end of 2023) 15 / 23 2024 Korean-Hellenic Mar.
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