K-Sure provides $1 billion in pre-emptive financing to Romania

George Mihalcea

SEOUL, April 1 (UPI) -- Korea Trade Insurance Corp., or K-Sure, said it would provide about $1 billion in pre-emptive financing to Romania's Ministry of Finance to support that country's defense exports. The state-run organization said Romania plans to use the funds for government projects, with a primary focus on procuring defense equipment. K-Sure said that the financing is contingent on the participation of South Korean companies in the resulting contracts. The measure is expected to benefit

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