Export-Import Bank of the U.S. Vice Chair Judith Pryor Reiterates EXIM Commitment to Advancing Critical Minerals and Electric Vehicle Projects in Seoul
Seoul, South Korea – Export-Import Bank of the United States (EXIM) First Vice President and Vice Chair Judith Pryor traveled to Seoul, South Korea last week to hold a series of meetings with private sector representatives and government officials to underscore the role EXIM’s financing tools, including domestic manufacturing initiatives, can play in supporting key battery supply chain and critical minerals projects.
“It was a pleasure to be in Korea to build on the already robust relationship between our two nations and to discuss potential opportunities to collaborate on financing mutually beneficial projects in the electric vehicle battery supply chain sector,” said Vice Chair Pryor. “We are at a singular moment in US-Korea economic relations, and it is a privilege to work with our ECA partners to ensure EXIM’s financing tools can play an important role in supporting these necessary projects up and down the battery supply chain.”
Vice Chair Pryor kicked off the trip with meetings with U.S. Ambassador to the Republic of Korea Philip Goldberg and private sector representatives. On Tuesday, Vice Chair Pryor delivered remarks at a joint roundtable with the Export-Import Bank of Korea (KEXIM) and K-SURE, hosted by local law firm Shin and Kim, where she highlighted EXIM’s Make More in America initiative, which makes EXIM’s existing medium- and long-term loans and loan guarantees available for export-oriented domestic manufacturing projects.
On Wednesday, Vice Chair Pryor met with the newly appointed Vice Chairman & Chief Operating Officer of KEXIM, Ahn Jong-Hyuck, where they discussed the Memorandum of Understanding the two agencies signed in November 2023, during COP28, and discussed opportunities to collaborate on potential projects. She ended the week by delivering remarks at the inaugural Women in Export and Infrastructure Finance (WEXIF) Korea event, which was co-hosted by Paula Gil, Vice President of Export and Agency Finance at JP Morgan. The event was attended by large commercial banks in Seoul.
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.