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Global Trade Alert

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Republic of Korea: IBK provides KRW 100 billion to companies with digital innovation technologies

Description

On 25 March 2024, the Industrial Bank of Korea (IBK) announced the creation of a KRW 100 billion (USD 74.6 million) "strategic investment fund" to foster digital innovation technologies. Through the f...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Mar 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

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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