Davis Polk & Wardwell LLP advised Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities Inc., The Royal Bank of Scotland plc, UBS AG, Hana Daetoo Securities Co., Ltd. and Woori Investment & Securities Co., Ltd., as underwriters in connection with an SEC-registered Schedule B debt offering by The Export-Import Bank of Korea of US$1 billion aggregate principal amount of its 4.125% notes due 2015.

The Export-Import Bank of Korea (KEXIM) is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business. KEXIM's primary services to its clients include export loans, trade finance and guarantee programs.

The Davis Polk corporate team included partner Eugene C. Gregor of the Tokyo office and associates Richard (Sukjoon) Lee and Tae Hun Kim of the Hong Kong office. Partner John D. Paton and associate Kent Heggerud of the London office provided tax advice. Ji-Hee Shin of the Hong Kong office was the legal assistant on the transaction.