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Republic of Korea: Adoption of KRW 26 trillion Semiconductor Ecosystem Support Package

Description

On 23 May 2024, the South Korean government adopted a “Semiconductor Ecosystem Support Package”. Among other measures, the government will provide KRW 2.5 trillion (USD 1.8 billion) in state aid for i...

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Intervention Details

Intervention Type

In-kind grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 May 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

location-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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