South Korea lining up banks to help finance $22 billion arms sale to Poland

By Cynthia Kim and Seunggyu Lim (Reuters) - After hitting statutory limits on import-export lending, South Korea is gathering local banks to help Poland buy $22 billion worth of weapons in Seoul's largest arms sale, five people familiar with the matter told Reuters. "Five local banks are reviewing a syndicated loan as a support measure" to help Poland finance its purchase of South Korean rocket artillery systems and fighter jets, a South Korean government official said, speaking on condition of anonymity to discuss ongoing planning. Two officials from a Korean defence company confirmed the syn...