SEOUL (Reuters) – The Export-Import Bank of Korea said on Thursday it signed a memorandum of understanding with Hyundai Motor Co to offer the South Korean automaker financial support worth about 3 trillion won ($2.7 billion) until 2023.
The state bank plans to offer financial support for Hyundai’s infrastructure investment in South Korea and abroad as well as for mergers and acquisition, the bank said in a statement. It did not specify what form of financial support it plans to offer Hyundai.
($1 = 1,131.8900 won)
Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.