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Global Trade Alert

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Republic of Korea: State aid under the 2024 Bio R&D Project New Support Competition Plan

Description

On 24 January 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 46.8 billion (USD 35.1 million) in grants under the 2024 Bio R&D Project New Support Com...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Jan 2024

Revocation date

04 Mar 2024

Implementation level

National

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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