Representative office of Korea Eximbank opens in Colombo

The Export-Import Bank of Korea (hereinafter referred to as ‘Korea Eximbank’ or ‘The Bank’), an official export credit agency of the Republic of Korea, has announced the opening of their representative office in Colombo at a ceremony held at the Galle Face Hotel in Colombo. 

The State Minister for National Policies and Economic Affairs Niroshan Perera, the Ambassador of the Republic of Korea to Sri Lanka Won-sam Chang and Korea Eximbank Chairman Dr. Duk-Hoon Lee celebrated this opening along with many representatives from the Government, United Nations, international development organisations and the Korean and Sri Lankan business community.

This new presence comes in response to increased bilateral ties between the governments of Korea and Sri Lanka, in trade, foreign direct investment, development assistance, cultural affairs, and personnel exchanges. The opening of the representative office also coincides with the bank’s 40th anniversary. Officiating the opening ceremony, the State Minister thanked the Korea Eximbank for its unbridled support to enhancing key economic infrastructure needs of Sri Lanka, specifically in the sectors of transport, water supply and, vocational education and training. Ambassador Chang praised Sri Lanka’s incredible economic progress over the past few years and recollected the many things the two countries share in common, such as the rich cultural heritage and history and a commitment towards inclusive growth. 

While thanking the Government of Sri Lanka, the bank’s partners and staff for their support and commitment over the years, Dr. Lee confirmed that the bank will continue to closely cooperate with Sri Lanka and will increase its financial support to the country in the coming years.

Invitees to the event were treated to Korean cuisine, a traditional Korean instrumental performance and a K-pop dance item performed by Sri Lankan students studying the Korean language at the King Sejong Institute in Colombo.

Through the opening of its representative office in Colombo, the Korea Eximbank reaffirms its commitment to continuously reflect and support the evolving development demands of Sri Lanka, as a trusted partner. Its office is located at Korea ODA Centre, 9/2, Dudley Senanayake Mawatha, Colombo 8.