The Korea Development Bank (KDB) is launching a variety of marketing campaigns in overseas markets. To this end, the bank signed a series of memorandums of understanding with the Australia and New Zealand (ANZ) Banking Group in Australia in February this year, el Banco de Chile in April, the KfW in Germany last month and the Development Bank of Singapore (DBS) on Nov. 24.
In the meantime, the KDB recorded 12.6 percent last year in terms of the Trans-nationality Index (TNI), which shows the degree of internationalization of banks, while the average of commercial banks in Korea was 5.5 percent.
Chairman Hong Ki-taek has continued to stress the importance of blue ocean markets and, “in this regard, we are focusing on markets of strategic importance such as Hong Kong, Singapore and London,” the KDB explained, adding, “We have posted no less than US$60 million in profits in these three regions this year.”
The MOU between the KDB and the DBS includes different plans regarding mutual cooperation for overseas business, examples of which include joint participation in syndicated loans and financial assistance for Korean companies doing business in Southeast Asia. The signing ceremony was followed by working-level talks related to project financing, ship financing, etc.