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Global Trade Alert

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Republic of Korea: Introduction of K-Bio Vaccine Fund

Description

On 27 July 2022, the Ministry of Health and Welfare of South Korea announced the creation of a new K-Bio Vaccine Fund to support the development of vaccines and new medicine. The Korean Government con...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Jul 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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