Korea Trade Insurance Corporation (K-sure) plans to provide 196 trillion won ($118.9 billion) worth of trade insurance this year and increase support for businesses exporting to new markets such as Iran and Cuba. It aims at helping sustaining faltering exports, said Kim Young-hak , company’s chairman, Korea Times reported on Tuesday. The company has signed a comprehensive MOU with Iran’s Ministry of Economy, and also plans to extend financial support in Cuba. Korean businesses are eying Iran after the lifting of sanctions. K-sure aims at helping Korean businesses seeking to participate in infrastructure development in emerging countries, following the launch of the Asia Infrastructure Investment Bank (AIIB).
