Republic of Korea: Increased budget of scheme to incentivise Korean companies to reshore their foreign production bases

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Description

On 23 January 2024, the South Korean government announced increasing the annual budget of the 'reshoring' state aid scheme which provides incentives for Korean high-tech strategic technology companies...

Intervention Details

Intervention Type

Local operations incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

23 Jan 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

Affected Products

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