Exhibit G-1
[The Export-Import Bank of Korea Letterhead]
May 10, 2004
Mr. Pyung-Ku Lee
Chief Representative
Mr. Soon-Sik Ryoo
Senior Deputy Representative
New York Representative Office
The Export-Import Bank of Korea
460 Park Avenue, 8th floor
New York, New York 10022
United States of America
Dear Sirs:
I, Dong-Kyu Shin, Chairman & President of The Export-Import Bank of Korea (“KEXIM”), hereby appoint each of Pyung-Ku Lee, Chief Representative, Soon-Sik Ryoo, Senior Deputy Representative, and any other person acting in such capacity, as authorized representatives of KEXIM in the United States of America for purposes of serving as attorneys-in-fact who are authorized to sign the Registration Statement under Schedule B of the United States Securities Act of 1933, as amended, to be filed with the United States Securities and Exchange Commission by KEXIM relating to the registration of up to US$3,000,000,000 aggregate principal amount of debt securities consisting of debentures, notes and/or other evidence of indebtedness (the “Debt Securities”) with or without warrants (the “Warrants”) to purchase the Debt Securities to be issued from time to time by KEXIM and one or more amendments to the Registration Statement (including, without limitation, post-effective amendments thereto and amendments or supplements to the prospectus contained therein).
I, Dong-Kyu Shin, Chairman & President of KEXIM, hereby also appoint each of Pyung-Ku Lee, Chief Representative, Soon-Sik Ryoo, Senior Deputy Representative, and any other person acting in such capacity, as the authorized agent of KEXIM upon whom process may be served in any suit, action or proceeding arising out of or based on (i) the Debt Securities or Warrants or (ii) any Fiscal Agency Agreement or Warrant Agreement relating to the Debt Securities or Warrants which may be instituted in any state or federal court in the City or New York by any holder of the Debt Securities or Warrants.
This appointment shall remain a valid instrument of authorization until such time as (i) all amounts due and to become due in respect of the Debt Securities shall have been paid in full and (ii) the Warrants shall have been exercised or shall have expired or otherwise been terminated in accordance with their terms.
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THE EXPORT-IMPORT BANK OF KOREA |
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By | | /s/ DONG-KYU SHIN
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| | | Dong-Kyu Shin Chairman & President The Export-Import Bank of Korea |
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Accepted and Acknowledged: |
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By | | /s/ PYUNG-KU LEE
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| | | Pyung-Ku Lee Chief Representative New York Representative Office The Export-Import Bank of Korea |
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By | | /s/ SOON-SIK RYOO
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| | | Soon-Sik Ryoo Senior Deputy Representative New York Representative Office The Export-Import Bank of Korea |
