EXPORT-IMPORT BANK OF KOREA ACT

CHAPTER I GENERAL PROVISIONS

Article 1(Purpose) #

The purpose of this Act is to promote the sound development of the national economy by providing finance required for the overseas economic cooperation, such as export and import, overseas investment and exploitation of overseas resources or such through the incorporation of the Export-Import Bank of Korea.

[This Article Wholly Amended on Jan. 30, 2009]

Article 2(Character) #

(1) The Export-Import Bank of Korea (hereinafter referred to as the "Export-Import Bank") shall be a juristic person.

(2) The Export-Import Bank shall be operated as prescribed by this Act, the order issued thereunder and its articles of incorporation.

(3) The Bank of Korea Act, the Banking Act, and the Act on Corporate Governance of Financial Companies shall not apply to the Export-Import Bank. <Amended on Jul. 31, 2015>

[This Article Wholly Amended on Jan. 17, 2008]

Article 3(Head Office, Branches, Sub-Branches and Agencies) #

(1) The Export-Import Bank shall have its head office in Seoul Special Metropolitan City.

(2) The Export-Import Bank may have branches, sub-branches or agencies where necessary as prescribed by its articles of incorporation.

[This Article Wholly Amended on Jan. 17, 2008]

Article 4(Capital) #

The Export-Import Bank, capital of which shall stand at 25 trillion won, shall be financed by the Government, the Bank of Korea, the Korea Development Bank under the Korea Development Bank Act, banks under Article 2(1)2 of the Banking Act, association of exporters and international financial institutions, and the timing for and methods of financing by the Government shall be prescribed by Presidential Decree. <Amended on Jan. 30, 2009; Apr. 1, 2009; May 17, 2010; Jan. 21, 2014; May 21, 2014; Mar. 19, 2024>

EXPORT-IMPORT BANK OF KOREA ACT

Article 1(Purpose) #

Article 2(Character) #

Article 3(Head Office, Branches, Sub-Branches and Agencies) #

Article 4(Capital) #

Article 5(Articles of Incorporation) #

Article 6(Registration) #

Article 7(Prohibition of Use of Similar Name) #

Article 8(Executive Officers) #

Article 9(Duties of Executive Officers) #

Article 9-2(Board of Directors) #

Article 10(Operating Committee) #

Article 10-2 #

Article 10-3 #

Article 10-4 #

Article 10-5 #

Article 10-6(Special Cases on Power of Committee) #

Article 11(Appointment and Dismissal of Executive Officers) #

Article 12(Term of Office of Executive Officers) #

Article 13(Restrictions on Concurrent Offices) #

Article 14(Restrictions on Power of Representation of Executive Officers) #

Article 15(Appointment of Attorneys) #

Article 16(Appointment and Dismissal of Employees) #

Article 17(Responsibilities of Executive Officers) #

Article 18(Duties) #

Article 19 #

Article 19-2(Guarantee for Borrowing of Foreign Capital) #

Article 20(Export-Import Financial Debentures) #

Article 20-2(Investment in Corporations) #

Article 21(Application for Approval of Operational Plans) #

Article 22 #

Article 23(Ceilings on Borrowings) #

Article 24(Cooperation with other Financial Institutions) #

Article 25(Restrictions on Duties) #

Article 26(Interest Rates on Loan and Discount, and Rates for Guarantee Fees) #

Article 27(Restrictions on Ownership of Property) #

Article 28(Vicarious Performance of Duties) #

Article 29(Business Manual) #

Article 30 #

Article 31(Business Year) #

Article 32(Budget) #

Article 33(Supplementary Revised Budget) #

Article 34(Reserve Funds) #

Article 35(Settlement of Accounts) #

Article 36(Disposal of Profits) #

Article 37(Compensation for Amount of Loss) #

Article 38(Use of Surplus Funds) #

Article 39(Supervision) #

Article 40(Reasons for Dismissal of Executive Officers) #

Article 41(Report and Inspections) #

Article 41-2(Special Cases concerning Investment under Special Acts) #

Article 42(Administrative Fines) #

Article 43 #