Korean ECA to provide US$93 Billion in export insurance in 2007
(Yonhap, Seoul 29 January 2007) -- South Korea's state export insurer said Monday it plans to provide 88 trillion won (US$93.5 bilIion) of export insurance this year to protect local companies from the possibility of nonpayment by foreign buyers or currency concerns. Korea held the largest OECD ECA portfolio according to 2005 OECD data.