Global Trade Alert
Global Trade Alert

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Republic of Korea: Introduction of Strategic Crop Direct Payment Plan

Description

On 4 June 2023, the South Korean government announced the launch of a new Strategic Crop Direct Payment Plan with a budget of KRW 112.1 billion (USD 86.1 million). The scheme provides direct payments ...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

04 Jun 2023

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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Table

Affected Sectors

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Affected Products

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