Global Trade Alert
Global Trade Alert

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Republic of Korea: State aid to strengthen the competitiveness of the defence industry ecosystem

Description

On 17 April 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing an additional KRW 7 trillion (USD 5.1 billion) in trade insurance coverage to support South Korean...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

17 Apr 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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