Archive · 18 Nov 2025
EDC's First South Korean Loan: $200M to Lotte Shopping
Canada's Export Development Canada (EDC) gave its first loan in South Korea to Lotte Shopping, a big retail company.
The loan is in South Korean money to help Lotte Shopping's stores and online platforms.
This is part of a special program between EDC and Lotte Shopping to help Canadian companies sell more in South Korea and other countries.
EDC provides $200M loan to Lotte Shopping, its first in South Korea
Loan denominated in Korean Won to manage foreign exchange risks
Funds to boost Lotte Shopping's capital expenditures and retail operations
Part of EDC-Lotte Market Leader Partnership (MLP) program
South Korea is Canada's 7th largest merchandise trading partner
- Who
- Export Development Canada (EDC) and Lotte Shopping Co., Ltd.
- What
- Provided a $200 million loan
- When
- November 18, 2025
- Where
- South Korea
- Why
- To boost Lotte Shopping's capital expenditures and retail operations
- Currency
- Korean Won (KRW)
- EDC's First Loan in South Korea
- Yes
- Lotte Shopping's Global Stores
- 902 stores in 2024