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Global Trade Alert

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Republic of Korea: Government allocates KRW 7 trillion to K-New Deal Fund

Description

On 3 September 2020, the Republic of Korea announced the launch of the "Public Sector Led New Deal Fund," to which South Korean state-backed financial institutions will allocate KRW 4 trillion (USD 3....

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Sep 2020

Revocation date

31 Dec 2025

Implementation level

NFI

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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