The MOU was announced alongside the opening of KOBC’s first overseas branch in Singapore.
DBS and the Korea Ocean Business Corporation (KOBC) have signed a memorandum of understanding (MOU) to strengthen business connectivity and support the regional expansion of Korea’s maritime and logistics sector across Asia.
KOBC is a financial institution under the Republic of Korea’s Ministry of Oceans and Fisheries. It is its first partnership with a foreign bank, which will enable Korean maritime companies to tap into DBS’ regional network and suite of financing solutions.
