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Global Trade Alert

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Republic of Korea: Investment of KRW 694.7 billion to develop carbon reduction technology in the industrial sector by 2030

Description

On 5 April 2023, the Korean Ministry of Trade, Industry, and Energy announced the allocation of KRW 197.5 billion (USD 153.8 million) to projects to develop carbon reduction technology in the cement s...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Apr 2023

Revocation date

31 Dec 2030

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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