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Global Trade Alert

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Republic of Korea: State aid worth KRW 442.5 billion to support future car industry

Description

On 31 January 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 442.5 billion (USD 332 million) in state aid to support 'super-gap technology' projects in t...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 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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