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The Export-Import Bank of Korea (Korea Eximbank), an official export credit agency of the Republic of Korea, announced the opening of their representative office in Colombo at a ceremony held at the Galle Face Hotel in Colombo last week.

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.

State Minister for National Policies and Economic Affairs, Niroshan Perera, the ambassador of the Republic of Korea to Sri Lanka, Won-sam Chang, and the Chairman of Korea Eximbank, Dr. Duk-Hoon Lee attended the opening ceremony along with many representatives from the government, United Nations, international development organizations, and the Korean and Sri Lankan business community.

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.

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 Center, 9/2, Dudley Senanayake Mawatha, Colombo 8.