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Global Trade Alert

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Republic of Korea: State aid to support the vitality of the domestic shipping industry

Description

On 15 April 2024, the South Korean Ministry of Ocean and Fisheries (MOF) announced providing KRW 250 billion (USD 179.5 million) in state aid to support small and medium-sized shipping companies "with...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

15 Apr 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Sectors

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Affected Products

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