TradeCard, the trade supply chain service provider, has signed an agreement with Korea Exchange Bank KEB to provide its domestic customers with online access to export financing. KEB becomes the fourteenth Asian bank to link up with TradeCard, and the second in Korea. Cho Hung Bank has been offering financing to TradeCard clients for just over 12 months.
Commenting on the deal, Richard Lightbound, head of business development for Asia in Hong Kong, says KEB has strong relationships with many of Korea's top importers and exporters making it the ideal partner. KEB not only has connections with the large chaebol conglomerates, but it also has a huge portion of the...
