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Global Trade Alert

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Republic of Korea: State aid schemes to support AI transformation of the Korean manufacturing sector

Description

On 24 September 2024, the South Korean government announced that the Korea Trade Insurance Corporation (K-Sure) would provide up to KRW 10 trillion (USD 7.5 billion) in guarantees under the "AI Plus+"...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

24 Sep 2024

Revocation date

23 Sep 2029

Implementation level

NFI

Affected flow

Outward subsidy

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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