Korea Business News Agency - NSP NEWS AGENCY.

On 10 Nov. the chiefs of Political finance establishments are signing a joint declaration in the meeting in the Lotte-Hotel in Seoul. Yeonghak Kim from the Ksure ,Deokhun Lee from the Korea Eximbank, Gitaek Hong from the KDB from left.

(Seoul=NSP News Agency) jonghyuk Kim Journalist = An evaluation of profitability of construction and shipbuilding industry, which is enforced by the political finance establishments, is strengthened to prevent increasing possibility of non-performing loan in advance.

The Export-Import Bank of Korea, the Korea Development Bank and the Korea Trade Insurance Corporation expand and reform the role of the Political Finance Support Center and Marine Finance Center (MFC) to evaluate profit thoroughly.

First of all, the related establishments such as Korea Export-Import Bank make a “project evaluation team (tentatively named)” in the Political Finance Support Center, which takes full charge of evaluating profitability of international construction and plant projects that domestic companies won, and strengthen judgements for the projects.

They have plan to establish Shipbuilding and Marine Project Information center in MFC, which takes full charge of evaluating profitability of shipbuilding industry as offshore plant.

The Export-Import Bank of Korea, the Korea Development Bank and the Korea Trade Insurance Corporation signed joint declaration in a meeting to improve effectiveness of solution to prevent recurrence of profitability deterioration. They agreed to strengthen the cooperation by sharing information for order-made production industry development among political finance establishments.

All this they install TF in each establishments to prevent recurrence of profitability deterioration and inspect their performance.

NSP News Agency/NSP TV jonghyuk Kim Journalist, awake12@nspna.com
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