The Korea Herald

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Korea Eximbank teams up with content agency for renewed hallyu boom

By KH디지털2

Published : Nov. 29, 2015 - 18:02

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The Export-Import Bank of Korea signed a business agreement with the Korea Creative Content Agency on Friday regarding creating financial ecosystems for the content industry and supporting overseas expansion, bank officials said.

Eximbank chairman and president Lee Duk-hoon and KOCCA president Song Sung-gak signed the business agreement at the state-run bank’s headquarters on bolstering financial support on content geared for overseas, as well as supporting businesses and sharing regarding content industry information systems.

Korea Eximbank president Lee Duk-hoon (left) and KOCCA president Song Sung-gak pose after signing a business cooperation deal in Seoul on Friday. Korea Eximbank Korea Eximbank president Lee Duk-hoon (left) and KOCCA president Song Sung-gak pose after signing a business cooperation deal in Seoul on Friday. Korea Eximbank


The two organizations have been in cooperation to vitalize cultural content exporting companies, such as through providing financial support and setting up a guarantee system.

The business agreement will bring the two organizations closer, leading to joint support in content businesses and financial assistance.

Eximbank said it would support upcoming television series “The Herstory” as their first joint business support.

“‘The Herstory’ features hallyu star Lee Young-ae and has already been presold in China, Japan and Taiwan at the highest prices, so we expect the series to create much value as the next global hallyu content,” said a bank spokesperson. By Sang Youn-joo (sangyj@heraldcorp.com)