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Global Trade Alert

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Republic of Korea: Introduction of several state aid measures to support competitiveness of Korean enterprises

Description

On 15 February 2024, the South Korean Financial Services Commission (FSC) announced that the Korea Development Bank, a state-owned bank, will provide KRW 2 trillion (approx. USD 1.5 billion) in intere...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Apr 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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