The Korea Asset Management Corporation (KAMCO) is partnering with Standard Chartered Bank’s Singapore subsidiary to establish a 286 billion won ($206.5 million) ship fund for small and mid-sized South Korean shipping companies. The initiative aims to improve access to medium- and long-term foreign-currency financing through tools including foreign-currency bond issuance and currency swaps. The fund will support a mid-sized shipping company based in Busan. Since 2015, KAMCO has established ship funds totaling about 2.5 trillion won ($1.8 billion), supporting 143 used and newly built vessels. The agreement is KAMCO’s first expanded cooperation with an overseas financial institution and could encourage similar global partnerships in South Korean ship finance.