BOC Promotes China-South Korea Economic and Trade Ties
OREANDA-NEWS. May 21, 2014. By leveraging its domestic and overseas advantages and seizing the opportunity of rapid development of bilateral economic and trade ties between China and South Korea, BOC is committed to actively serving the development of enterprises in both countries and promoting two-way investments.
It has successfully helped procure and land a number of influential South Korean projects in China.
In recent years, BOC Seoul Branch has joined hands with BOC (Hong Kong) and Ningbo Branch in supporting SK Group's successful issue of "Dim Sum Bonds" in Hong Kong, thereby creating new financing channels for South Korean enterprises to invest in China; actively coordinating and urging Shaanxi Branch to provide financial support to the local semiconductor financing project of Samsung Electronics, and providing an all-round service package to the establishment of a financial company by Samsung Electronics (China). In addition, BOC has also financially supported Hyundai Motor Group to invest in its fourth plant project in the city of Chongqing, and provided funds management services to the Guangzhou LCD 8.5G line project of LG Group.
Established in 1994, Bank of China Seoul Branch is the first operating branch set up in South Korea by a Chinese bank, which also has the most business outlets and the strongest comprehensive strength in South Korea. So far, this branch’s scope covers personal finance, corporate finance, financial institutions and financial markets, among others.
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