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Global Trade Alert

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Republic of Korea: Government invests KRW 1 trillion to support Korean companies undergoing business transformation

Description

On 3 August 2022, the Korean Financial Services Commission announced that the Korea Institute for Advancement of Technology (KIAT), will set up a business transformation innovation fund worth KRW 75 b...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Aug 2022

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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