KNOC to get $1 bln KEXIM credit for overseas deals

SEOUL, Nov 9 (Reuters) - The Export-Import Bank of Korea (KEXIM) will provide $1 billion in credit to Korea National Oil Corp (KNOC) to finance the state-run energy developer's overseas asset acquisitions, the state-run bank said on Monday.

KEXIM said in a statement that the credit line was aimed at helping KNOC aggressively secure foreign resource assets to be among the world's 50 resource developers by 2012.

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)