ABN Amro and Korea Trade Insurance Corporation (K-Sure) have signed a memorandum of understanding (MOU) to help South Korean enterprises finance overseas projects.

Financing will be provided for overseas shipping and plant projects undertaken or sponsored by South Korean institutions. ABN Amro and K-Sure will also provide consultation services on shipping and offshore finance.

Maaike Steinebach, country executive Hong Kong and head of energy, commodities and transportation Asia for ABN Amro says: “This MOU with K-Sure allows us to expand our expertise in export and projects into the Korean export market by providing important financing and consulting services to enterprises looking to expand overseas. It provides us with a good platform to further explore the Korean market and bolsters our efforts in realising our strong growth ambition in Asia.”