1. August 2013 KEXIM Korea’s Official Export Credit Agency KEXIM

2. KEXIM at a Glance3 SECTION 1 Strength of Korean Economy8 SECTION 2 Funding Activities13 SECTION 3 Table of Contents 2

3. SECTION 1 KEXIM at a Glance 3

4. Categorized as “Sovereigns, Supranationals and Agencies” (SSA) by financial publication such as IFR and Euroweek Categorized as “Sovereigns, Supranationals and Agencies” (SSA) by financial publication such as IFR and Euroweek Promoting international trade is indispensable in maintaining sustainable growth of the nation’s economy Source: Bank of Korea, IMF, WTO * Defined as the sum of annual exports and imports divided by Gross Domestic Product KEXIM is an Export Credit Agency mandated with promoting export and competitiveness of Korean goods and services 100% Ownership Official Export Credit Agency A 100% Government Owned Export Credit Agency ▒Pivotal Role in the Korean Economy Trade Dependency Ratio (2012)* 4

5. Korea The Export-Import Bank of Korea Canada Japan Japan Bank for International Cooperation Australia E XPORT -I MPORT B ANK of the U NITED S TATES U.S.A. Key ECAs in Other Countries China Germany U.K. ▒KEXIM is the Official Export Credit Agency of Korea 5

6. LOANS GUARANTEES Export Credit Import Credit Overseas Investment Credit Total Loans: KRW48tn (as of December 31, 2012) Financial Guarantee Project Related Guarantee Total Guarantees: KRW39tn (as of December 31, 2012) On behalf of Korean Government, KEXIM administrates EDCF and IKCF, both of which are SEPARATED ACCOUNTS FROM KEXIM Economic Development Cooperation Fund (“EDCF”) Since 1987 Promote economic cooperation between Korea and developing countries Total Loans: KRW3.3tn (as of Dec 31, 2012) Since 1991 Promote exchanges and cooperation between the two Koreas Total Disbursement including Grant: KRW5.7tn (as of Dec 31, 2012) ▒Government-Entrusted Funds Inter-Korean Cooperation Fund (“IKCF”) Key Operations ▒KEXIM’s Own Accounts 6

7. Increase in Paid-in-Capital in line with Loan Growth Source: KEXIM, as of July 2013 Article 37 (Compensation for Amount of Loss) The Export-Import Bank shall compensate for net loss of final accounts with the reserve each business year, and the Government shall compensate for the loss when the reserve is insufficient KRW 3.9 tn KEXIM’s credit rating has been on par with Korea sovereign rating since its establishment True Proxy to Sovereign Credit “…there is an "almost certain" likelihood that the Korean government would provide timely and sufficient extraordinary support to KEXIM in the event of financial distress.” A+ (Stable) Standard & Poor’s “the South Korean government is legally obliged to cover KEXIM’s losses should the bank’s capital reserve funds fail to cover them, as per Article 37 of the KEXIM Act.” AA- (Stable) Fitch “… Underpinned by 1) the stipulation in the KEXIM Act, which holds the government responsible for its solvency, 2) the 100% ownership by the government, 3) no legal barrier for timely support … Aa3 (Stable) Moody’s “…the importance of KEXIM to the government's policy is extremely high, and there is no probability of KEXIM being privatized. Its financial soundness is maintained through continuous contributions from the government.” A+ (Stable) R&I ▒The Government’s Dedication to Protect KEXIM’s Solvency 7 (KRW tn)

8. SECTION 2 Strength of Korean Economy 8

9. Source: Bank of Korea Note: AUD≈ KRW1,066.86 1976 Establishment of The Export-Import Bank of Korea Korea becomes the first developing nation to have an ECA (KRW tn) 2011 Korea becomes the 9 th country to record USD1tn in trade volume 2010 Korea becomes 7 th largest exporter in the world. 2000 Korea becomes the 11 th largest economy in the world 1996 Korea becomes the 29 th member of OECD 1995 Korean export exceeds USD100bn 1989 Electronics and automobile export totals USD20bn 1977 First export of color TV 1976 First export of automobile 1969 First export of commercial vessel 1960 GDP per capita of USD79 1953 Three-year long Korean War ends in a stalemate 1,400 1,200 1,000 800 600 400 200 0 1,273 Trillion KRW 1,026 Trillion KRW 100 Trillion KRW 10 Trillion KRW 1 Snapshot of Korean Economic History 2012 ▒Korea’s GDP Growth and Key Economic Achievements 2012 Korea becomes the 7 th nation to join a group of countries with GDP per capita of USD20,000 and a population of 50mn 9

10. Korea is home to numerous leading companies with global brands ____________________ Clarkson (by order value) As of 2012 ____________________ International Data Corporation As of 1Q 2013 ____________________ OICA As of 2012 ____________________ World Steel Association As of 2012 1st 6th 1st Ship Building DRAM Automobile Steel Production TFT-LCD Mobile Phone ____________________ DRAMexchange As of 4Q 2012 ____________________ Display Search As of 2012 AAA AA AAA AA- AABBBAAA ▒Korea’s Ranking in Key Industries ▒Forbes ’12: Top Host Countries of the World’s 2000 Leading Companies Export-Driven Industrial Powerhouse 10

11. Source: Korea Statistical Office, 2012 YE ▒Exports Destinations▒Export By Geography Source: Korea Customs Service, 2012 YE China 24% Developing Countries 51% Japan 7% DM Europe 6% North America 12% 2012 Historical Trend Exports to Emerging Markets: 76% Diversified Export Portfolio 1965 197719892001 2012 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Effective 1. Chile – 2004.4.1 2. Singapore – 2006.3.1 3. EFTA (4 countries) – 2006.9.1 ( 아이슬랜드 / 노르웨이 / 스위스 ) 4. ASEAN (10 countries) – 2007.6.1 ( 브루나이, 캄보디아, 인도네시아, 라오스, 말레이시아, 미얀마, 필리핀, 싱가포르, 태국, 베트남 ) 5. India – 2010.1.1 6. EU (27 countries) – 2011.7.11 ( 서유럽 다 ) 7. Peru – 2011.8.1 8. US – 2012.3.1 9. Turkey – 2013.5.1 Ratified Columbia – 2012.8 Under Negotiation GCC ( 바레인, 쿠웨이트, 쿠웨이트, 사우디아라비아, 오만, UAE) New Zealand Mexico Vietnam Indonesia Japan China Canada Australia Source: http://okfta.kita.net/ftaInfo.do?method=korStatus ▒Export By Product 11 ▒The 3 rd Largest Economic Territory via Bilateral Free Trade Agreements Source: Ministry of Strategy and Finance (1)Defined as a nation’s GDP combined with the GDPs of its FTA countries, divided by the world GDP In Implementation 45 Countries 54.1% of World GDP (1) Ratified / Under Negotiation 15 Countries 28.8% of World GDP (1) Effective Concluded ASEAN USA Columbia Peru Chile Singapore India EU EFTA Turkey Korea

12. AAA AA+ Aaa AA A+ Aa1 AA- Aa3 A1 A2 Aa2 A- Baa2 A Baa1 BBB BBB+ BBB- Baa3 A3 Aug 2011 Aug 2011 May 2009 Jan 2012 Sep 2010 Mar 2011 Jun 2012 Oct 2011 Feb 2012 Negative outlook Negative outlook Jan 2009 Oct 2011 Apr 2010 Jan 2012 Apr 2012 Korea’s credit rating upgraded by the 3 major agencies in 2012 Sep 2012 Sep 2012 Apr 2010 Aug 2012 Dec 2009 Dec 2008 “A high degree of economic resilience and competitiveness” “Reduced external vulnerability of the banking sector” “A high degree of economic resilience and competitiveness” “Reduced external vulnerability of the banking sector” Aa3 Stable “continued economic and financial stability in a volatile global environment“ “strong structural fundamentals including an income level and social and political stability” “continued economic and financial stability in a volatile global environment“ “strong structural fundamentals including an income level and social and political stability” AA- Stable “reflects our less negative assessment of the geopolitical risks on the Korean peninsula” “expect that economic indicators in the Republic of Korea will be relatively weak” “reflects our less negative assessment of the geopolitical risks on the Korean peninsula” “expect that economic indicators in the Republic of Korea will be relatively weak” A+ Stable Feb 2013 Negative outlook Emerging Markets Developed Countries Moody’sS&P Korea Sovereign Rating Upgrade by All Big 3 Agencies USAJapanUKFrance Italy SpainRussia Mexico 12 Jan 2011 Negative outlook Jan 2011 Nov 2012 Jan 2012 Sep 2011 Negative outlook Oct 2006 Jul 2012 Oct 2011 Feb 2012 Oct 2012 Negative outlook

13. SECTION 3 Funding Activities 13

14. Top Frequent Borrower World Bank51 JP Morgan20 53 KfW134 Issuer No. of Issuances EIB207 1 8 40 5 2 Rank Top Issuance Volume Bank of America Corporation7,301 Morgan Stanley6,012 7,679 KfW102,376 Issuer Amount (US$mn) EIB102,864 1 138 182 127 2 Rank Source: IFR (May 2011 ~ Apr 2012) Source: Bloomberg (League Table – Korea International Bonds; based on annual vol.) ▒Most Active Issuer out of Korea Source: KEXIM, Bloomberg ▒USD vs. Non-USD The Most Active Issuer in Korea 14

15. Public Offering Funding Sources diversified over 27 Different Currencies Globally KEXIM’s Globally Diversified Funding Sources Zurich EUR CHF Japan Los Angeles New York Boston Hong Kong Singapore San Paulo Bangkok Mexico Kuala Lumpur SGD HKD MYR USD MXN BRL TRY Lima PEN IDR INR Sydney Jakarta New Delhi CNH PHP THB Taipei GBP TWD ZAR NZD SAR RUB Beijing Moscow DKK SEK NOK CZK AUD JPY 15