South Korea's Export-Import Bank says it will arrange financing of US$150 million to build the headquarters in Beijing of the China Center for the LG Group. 

The bank will cooperate with the Industrial & Commercial Bank of China.

The Ex-Im Bank will loan US$50 million, and US$100 million will be put up by ICBC.

The deal should be completed by August next year.

LG Group is South Korea's second-largest conglomerate.

(CRI.com June 30, 2004)