Kang et al. v. KEXIM and KSURE

This is a civil injunction claim brought by Korean youth plaintiffs and a Mozambican NGO against the Export-Import Bank of Korea (KEXIM) and the Korea Trade Insurance Corporation (KSURE). The plaintiffs seek to prevent KEXIM and KSURE from providing financial support to the Mozambique Coral North FLNG project. The plaintiffs contend that KEXIM and KSURE’s financing of the project violates their constitutional and legal obligations, undermines environmental rights both locally and globally by locking in a carbon-intensive future, and contributes to irreversible climate damage without sufficient public interest justification. The plaintiffs stress Mozambique’s acute climate vulnerability, political instability, and weak governance, which heighten the risks of human rights violations and project failure. They further highlight the project’s questionable profitability in light of declining global LNG demand, asserting that channeling public funds into such a venture exposes the plaintiffs to disproportionate risks.