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Global Trade Alert

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Republic of Korea: KODIT provides guarantees to support Hyundai Motor Group and partner companies' advancement into overseas markets

Description

On 31 August 2023, the Korea Credit Guarantee Fund (KODIT) and Hyundai Motor Group announced the signing of a guarantee agreement. Under the agreement, KODIT provides KRW 300 billion (USD 226.5 millio...

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Intervention Details

Intervention Type

Financial assistance in foreign market

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

31 Aug 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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