Eun Sung - soo ( right ) , chief of the Export - Import Bank of Korea , and Moon Jae - do , head of the Korea Trade Insurance Corporation , pose at a meeting Monday to sign a memorandum of understanding at Eximbank headquarters in Yeouido , Seoul . ( Eximbank ) The Export - Import Bank of Korea and Korea Trade Insurance Corporation ( K - sure ) signed a memorandum of understanding Monday to help Korean companies secure more construction and shipbuilding projects overseas and create jobs . Eun Sung - soo , chief of the Eximbank , and Moon Jae - do , head of K - sure , vowed to enhance cooperation for policy support on bidders looking to win overseas projects , in a meeting held Monday in Eximbank headquarters in Yeouido , Seoul .   Eximbank and K - sure agreed to share information on overseas construction and engineering projects , which Eximbank says will help them extend financial support to bidders “ at the beginning stage . ” In line with the approach , a financing package by the two state - run financial institutions would be key , according to Eximbank in a release . The two will primarily support firms bidding for projects that create quality jobs and use homegrown compartments , the bank also said . Eximbank and K - sure also pledged to spur local private lenders ’ engagement in offshore businesses , considering an increase in the size of projects . The move is designed to address the declining total value of both construction and shipbuilding orders that Korean companies have secured . Korean firms ’ combined value of construction orders shrank over 50 percent in three years to $ 29 billion in 2017 , according to data suggested by Eximbank . Also , the combined value of shipbuilding orders dropped by nearly 60 percent to $ 12 . 5 billion in 2017 . [ 코리아 헤럴드 ] [ K - POP HERALD ] [ 페이스북 ] <ⓒ KoreaHerald ( www . koreaherald . com ) 무단 전재 및 재 배포 금지 >