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Mitsui & Co., Ltd. ("Mitsui", head office: Chiyoda-ku, Tokyo, President and CEO: Masami Iijima) and the Export-Import Bank of Korea ("Korea Eximbank") concluded a Memorandum of Understanding ("MOU") expressing the intent of both parties to exchange information and engage in dialogue regarding a range of fields that include electric power, water resources, oil and gas, new energy, infrastructure, and ships and vessels.
Korea Eximbank, an export credit agency funded by the Korean government, provides export financing, guarantees and other forms of credit services to facilitate trade and overseas investment of Korean companies.
In the past, Mitsui has been a part of arrangements that have received Korea Eximbank financing and guarantees, including a project involving construction of an oil refinery in Egypt and another involving operation of a LNG terminal in Mexico. Going forward, the conclusion of this MOU will enable Mitsui and Korea Eximbank to work closely together and share information, thereby helping to spur Mitsui's efforts to find promising new business opportunities, further promote overseas investment, and take part in more business deals.
|Name||The Export-Import Bank of Korea|
|Head office||16-1, Yeouido-dong, Yeongdeungpo-gu, Seoul|
|Representative||Yong Hwan Kim, Chairman and President|
|Total assets||KRW 46,689 billion
(approx. US$40,995 million; as of December 31, 2010)
|Ratings||Moody's: A1 (long-term)
S&P: A (long-term)
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently available to it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.