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Global Trade Alert

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Republic of Korea: K-Sure provides KRW 1.7 trillion to petrochemical project in Saudi Arabia to facilitate participation of Hyundai Engineering & Construction

Description

On 23 May 2024, the Korea Trade Insurance Corporation (K-Sure) announced providing financing worth KRW 1.7 trillion (USD 1.25 billion) to the Amiral petrochemical facility construction project in Saud...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

23 May 2024

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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