The Export-Import Bank of Korea (Korea Eximbank) has pledged to back the domestic shipping industry with KRW 800bn ($753.29m) of loans and guarantees this year.
The money is part of the government's five-year restructuring plan.
The Yonhap news agency said the bank's chairman Eun Sang-soo met with shipping company executives.
"The shipping and shipbuilding industries are both facing difficulties, raising the logistics cost for exporting firms," Eun said at the meeting.
