S. Korea’s Exim Bank join forces with Polish development bank

The partnership focuses on financial support for infrastructure, transportation, and renewable energy.

South Korea's Export-Import Bank (Exim Bank) partnered with Poland's BGK, the national development bank, to boost business cooperation, as reported by Yonhap news agency.

The three institutions signed a memorandum of understanding (MOU) in Warsaw, focusing on financial support for infrastructure, transportation, and renewable energy.

READ MORE: S. Korea's Exim Bank joins hands with Polish development bank

BGK, established in 1924, is a state-owned bank in Poland that finances export transactions and governmental programs.

Poland ranks among South Korea's top three trading partners in Europe, particularly in high-tech sectors like batteries. 

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In the past year, Poland invested around 20t won ($15.5b) in Korean weaponry, including K2 tanks, K9 self-propelled howitzers, and FA-50 fighter jets.