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Republic of Korea: Eximbank and K-Sure provide financing to support SK On in construction of battery plant in Hungary

Description

On 28 July 2022, Korean company SK On announced that it received USD 700 million in guarantees from the Korea Trade Insurance Corporation (K-Sure) for the construction of a battery plant in Hungary. A...

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Intervention Details

Intervention Type

Financial assistance in foreign market

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

28 Jul 2022

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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