Global Trade Alert
Global Trade Alert

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Republic of Korea: Introduction of several measures to support Korean export industry

Description

On 16 August 2023, the South Korean Financial Services Commission (FSC) announced that the Industrial Bank of Korea, a state-owned bank, will provide KRW 1 trillion (approx. USD 747.1 billion) in "spe...

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Intervention Details

Intervention Type

Other export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

01 Jan 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Sectors

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Affected Products

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