Overseas Debt Collection Service - K-sure,

Rreceivables from unsettled export or other overseas transactions
to K-sure.

Domestic companies may consign the collection of accounts

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Importer Credit Search - K-sure,

K-sure provides credit importer information (including importer
profiles, financial statements, corporate reviews, and payment
history) to our clients.

This information is compiled through our overseas branches and 64 credit search firms in 39 countries. Being the only provider
of importer credit information in Korea, K-sure provides over 20,000 cases of credit information each year.

To use this service, the user (a licensed business with its membership approved by K-sure) first needs to join the Cyber Export
Insurance site (www.ksure.or.kr) and has to have a digital authentication to logon to the system.

Service Export Credit Insurance - K-sure,

This product covers losses suffered by those entities
domiciled in Korea that provided services to foreign entities
in transportation and tourism (losses in service charges) and
in system integration, technical services, contents, engineering,
etc. (losses in expenditures and running royalties).

Service Export Credit Insurance Eligible Transactions table

Export Items	Scope of coverage
System Integration	Hardware, software, system networks, IT personnel for the construction and maintenance of information system
Technology	Industrial property rights, know-how, technical services
Contents	On-line and mobile games, movies, characters, animations, broadcasting, etc
Engineering Services	Application of science and technology for overseas projects or facilitates with the policyholder providing services in research, planning, feasibility studies, design, analysis, purchasing, procurement, preliminary testing, evaluation, consulting, guidance, etc

Product Reliability Insurance - K-sure,

This product covers faulty or damaged parts/components and
materials produced by domestic companies upon delivery.

Liability insurance was launched to boost competiveness
of certified or non-certified domestic companies, especially
SMEs, producing parts, components and materials and wean
Korea’s dependence on overseas in this area. This product
covers those goods produced in Korea but determined to be faulty or damaged upon delivery.

Product Reliability Insurance Scope of Coverage table

Category	Covered Areas	Contents
Basic Coverage	Product Guarantee	Repair or replacement costs that the policyholder is liable for defected or damaged products after delivery to a third party.
Selective Coverage	Product Liability	Personal or property damages that the policyholder is liable due to product defect or damage after delivery.
	Product Recall	Overall costs of recall due to product defect or damage of those parts/components and materials produced by domestic companies.

Foreign Exchange Risk Insurance(Forward)

This product is designed to hedge currency fluctuation risk for
exporters by K-sure indemnifying losses or benefiting gains
from foreign exchange where export transactions were paid in
advance in the Korea won. The forward method especially
helps SMEs with weak foreign exchange capabilities.

Foreign Exchange Risk Insurance(Forward) - K-sure,

This product is designed to hedge currency fluctuation risk for
exporters by K-sure indemnifying losses or benefiting gains
from foreign exchange where export transactions were paid in
advance in the Korea won. The forward method especially
helps SMEs with weak foreign exchange capabilities.

Overseas Natural Resources Development Fund Insurance - K-sure

This product is designed to partially indemnify losses to
overseas investors due to political risks (war, limits on the
repatriation of currency, etc) and commercial risks (bankruptcy
of entities receiving investment, price fluctuations in given
resources, etc.).

A stable supply of resources is vital for the resource poor Korea
that depends on imported energy resources for economic development and overseas resource development is a must for the
country. However, certain risks are inherent to resource development in foreign countries, which usually involve long-term and
large-scale investments.

This product contributes to the national economy of Korea by helping the country to secure strategic resources in a stable
manner.

Types of Overseas Natural Resources Development Fund Insurance and Losses Covered table

Product Types	Transactions Covered	Losses Covered
Loans, etc	- Loans extended to foreign enterprises developing overseas resources for korea - Acquisition of loans and private loans extended to borrowers developing overseas resources for korea	- Non-recovery losses of principal and interest including loans
Stocks, etc	- Investment in joint stock companies of overseas local subsidiaries and foreign enterprises - Investment for management participation of foreign resources development companies	- Non-recovery losses of investment principal including stocks
Beneficial Interests, etc	- Acquisition of beneficial interests of contract counterparties in revenue transactions	- Non-recovery losses of investment principal including beneficial interests

Transaction Structure for Buyer Credit

In case the resources development company (SPC) is the policyholder

Exploratory Business: Political Risks + Commercial Risks (Business Risks)

- Business Risks (Exploration failures): When the insured investment counterparty did not identify business feasibility or failed in the business, the counterparty or the policyholder’s suspending or abandoning of the exploratory business for the whole mining areas stipulated on the contract

Development and Production Business: Political Risks + Commercial Risks (Business Risks)

- Business Risks: When losses of investment principals occur upon maturity of the investment period due to fluctuation of mineral prices and the production volume

Export Bond Insurance - K-sure,

This product covers losses suffered by financial institutions
in case exporters default on redeeming their bank guarantees
issued by financial institutions for export transactions.

During international transactions, importers present L/Cs for
security for their payments to exporters, while importers demand
bank guarantees from exporters as security for the performance of export.

For financial institutions: When the policyholder a guarantee-issuing financial institution.

For exporters: When the policyholder is an exporting company

The contract “for exporters” is an insurance contract where the financial institution is the insured.

Fair Calling

When the “calling” is based on the ground of the exporter’s default

Unfair Calling

• When the “calling” belongs to any of the following categories:
• - When the exporter stands in debt pursuant to the export contract
• - When the exporter had not or is unable to fulfill debt requirements due to reasons not attributable to exporter’s fault, resulting in the exporter not fulfilling the applicable export contract

Export Bond Insurance - K-sure

This product covers losses suffered by financial institutions
in case exporters default on redeeming their bank guarantees
issued by financial institutions for export transactions.

During international transactions, importers present L/Cs for
security for their payments to exporters, while importers demand
bank guarantees from exporters as security for the performance of export.

For financial institutions: When the policyholder a guarantee-issuing financial institution.

For exporters: When the policyholder is an exporting company

The contract “for exporters” is an insurance contract where the financial institution is the insured.

Fair Calling

When the “calling” is based on the ground of the exporter’s default

Unfair Calling

• When the “calling” belongs to any of the following categories:
• - When the exporter stands in debt pursuant to the export contract
• - When the exporter had not or is unable to fulfill debt requirements due to reasons not attributable to exporter’s fault, resulting in the exporter not fulfilling the applicable export contract

Overseas Investment Insurance - K-sure,

This product covers Koreans making overseas investment
in stocks, properties, and other rights, or as loans and surety
obligations to promote Korea’s overseas investments.
It covers investment principal, dividends, and interests that
cannot be recovered due to the following risks.

Overseas Investment Insurance Risks Covered table

Category	Risks Covered
Expropriation risks	Foreign governments’ seizure of stocks, deprivation of claim rights to dividends (interest), freezing of accounts, deprivation of mineral rights or ownership rights owned by Korean investors
War risks	counterparty to investment not being able to conduct business or use real estate due to losses suffered from war, revolt, insurgent, riot, upheaval, etc.
Risks of failure to execute the agreement *	In case that transfer of proceeds from selling stocks, loan settlement or dividends to Korea is not possible for more than two months due to foreign governments limiting or preventing transfer
Money transfer risks	In case conducting business becomes impossible due to foreign governments and others fails to execute major agreements (limited to those approved by K-sure) by counterparties to insurable investments
Irresistible risks	In case conducting business becomes impossible due to force majeure such as typhoons, floods, earthquakes, tidal waves, strikes, nuclear accidents etc. or economic sanctions imposed by international organizations such as the UN or countries other than the counterparty nation to investment.

* In Overseas Investment Insurance (Right to property and etc.), risks of failure to execute the agreement are not eligible to be covered.

Overseas Investment Insurance(Investment Financing) - K-sure

This product covers financial institutions that extend
financing for Korean developers of overseas projects in the
areas of natural resources, property, M&A, etc, that normally
require a large-scale long-term financing.

• - Commercial Risks: Bankruptcy of the main stakeholder of overseas developers, bankruptcy of domestic developers and defaults.
• - Political Risks: Wars, expropriation, failure to execute agreements and irresistible risks, money transfer risks and etc.

Overseas Construction Works Insurance - K-sure,

This product covers losses by contractors of overseas
construction projects arising from political risks and project
owners’ commercial risks.

The policyholders may pay insurance premiums in installments
because they may be paid for their construction works in a milestone
basis.

Insured risks depend on the duration of risks based on 1) shipment, 2) insurance of certificate of performance, 3) payment by
construction project owner.

• - Construction and technology services: Political and commercial risks
• - Construction equipment: Political risks (expropriation, wars and money transfer)

Overseas Business Financing Insurance - K-sure,

This product is designed to help Korean companies and
financial institutions participate in overseas business activities
more actively. It indemnifies the policyholders (lenders for
overseas businesses) for loan principal and interests for those
transactions exceeding two years, which benefit Korea.

Borrowers can be foreign companies, financial institutions and governments with a Korean company (or an overseas subsidiary
of a Korean company) taking part in the project as equity investors, O&M contractors, feedstock suppliers, offtakers, etc.

Korean exporters are not eligible for this product, which instead can be covered under medium and long-term export insurance
(buyer credit). OBFI is for untied loans that are not directly tied to Korean exports.

• - Borrower:Overseas government, financial institutions or corporations
• - Beneficiary:Lender
• - Tenor:More than 2 years up to case-by-case basis
• - Risks Covered:Comprehensive risk (Political & Commercial)
• - Insurable Amount:Principal & Interest
• - Percentage of Cover:Up to 100%

Interest Rate Risk Insurance -K-sure,

This product covers financial institutions that are covered
under K-sure’s medium and long-term export insurance
(buyer credit) and have extended or will be extending export
financing for those transactions with a payment period
exceeding two years.

Korean companies enter competitive international biddings to secure orders for medium and long-term export transactions
including the engineering, construction and procurement sectors involving petrochemical and power generation facilities.

The OECD has set a minimum interest rate scheme called CIRRs (commercial interest reference rates) to prevent
over-competition during this bidding process. The problem is that clients prefer these fixed CIRRs over floating rates often
extended by commercial banks, but there is limited number of banks that can extend export financing on a CIRRs basis.

This product is designed to resolve differences in interests among financial contract parties and allows businesses an easy
access to export financing. Under this product, K-sure indemnifies those financial institutions for losses and redeem returns
resulting from fluctuating interest rates.

• - Transactions covered (or expected to be covered by) Medium and Long-Term Export Insurance (Buyer Credit)
• - Applicable to Buyer Credit