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Global Trade Alert

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Republic of Korea: Introduction of KRW 146.2 billion Smart Factory Building Support Project for 2023

Description

On 9 January 2023, the Ministry of SMEs and Startups announced a KRW 146.2 billion (USD 117.5 million) Smart Factory Building Support scheme for the year 2023. No specific sectoral restrictions for th...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

09 Jan 2023

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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