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South Korea export-import bank to offer financial support of $2.7 billion to Hyundai Motor By Reuters

© Reuters. FILE PHOTO: The emblem of Hyundai Motors is seen on a steering wheel on show on the firm’s headquarters in Seoul

SEOUL (Reuters) – The Export-Import Bank of Korea stated on Thursday it signed a memorandum of understanding with Hyundai Motor Co to offer the South Korean automaker financial support price about 3 trillion received ($2.7 billion) till 2023.

The state bank plans to offer financial support for Hyundai’s infrastructure funding in South Korea and overseas in addition to for mergers and acquisition, the bank stated in an announcement. It didn’t specify what kind of financial support it plans to offer Hyundai.

($1 = 1,131.8900 received)

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Updated on April 13, 2021 12:11 am

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