The Export-Import Bank of Korea (Korea Eximbank) said Wednesday that it has partnered with energy companies from both Korea and the Philippines on the latter's nuclear energy projects. The state-run bank said a three-way memorandum of understanding (MOU) was signed with Korea Hydro & Nuclear Power (KHNP) and Meralco in Manila, Philippines, opening the door for Korea Eximbank to back parties financially. The MOU was signed during President Lee Jae Myung’s state visit to the Philippines from Tuesday to Wednesday. The visit included businesses from both countries, including KHNP and Meralco. KHNP provides more than 30 percent of Korea’s electricity and Meralco supplies more than 50 percent in the Philippines. The signing ceremony was attended by Minister of Trade, Industry and Resources Kim Jung-kwan, Secretary of the Philippines Department of Trade and Industry Cristina Roque, Korea Eximbank Chairman and CEO Hwang Ki-yeon, KHNP acting President and CEO Chun Dae-wook and Meralco Chairman and CEO Manuel Pangilinan. “The three-way partnership is expected to further bolster Korea’s over