Republic of Korea: K-Sure provides USD 940 million in support to Hyundai Mobis Co., Ltd. for the construction of an electric vehicle parts factory in the U.S.

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Description

On 8 November 2023, the Korea Trade Insurance Corporation (K-Sure) announced the provision of USD 940 million in financing to support Korean company Hyundai Mobis in the construction of four factories...

Intervention Details

Intervention Type

Financial assistance in foreign market

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

08 Nov 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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