KDB and Kexim eyes upping support for Doosan Heavy Industries; EBRD appoints new director for eastern Med; and UK says refuses extension to transition period

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Korea Development Bank and the Export-Import Bank of Korea could shell out an additional relief of around KRW800 billion ($652.1 million) to Doosan Heavy Industries & Construction Co. after further investigation on the validity of the heavy equipment maker’s self-rescue plan.

• The European Bank for Reconstruction and Development has appointed Philip ter Woort Director for its eastern Mediterranean region, leading its operations in Jordan, Lebanon and the West Bank and Gaza

• The UK government has reiterated its refusal to extend the transition period for EU trade, saying it does not want to prolong the “period of uncertainty” for businesses

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