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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 KRW 400 billion (USD 298.1 million) in state aid to support South Korean defence and military part...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 Apr 2024

Revocation date

31 Dec 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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