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Global Trade Alert

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Republic of Korea: Government announces measures to support defense industry

Description

On 6 April 2023, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced allocating KRW 278.1 billion (USD 211 million) in government funds to the civil-military technical cooperatio...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Apr 2023

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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