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Republic of Korea: K-Sure provides USD 1.35 billion in support to Hyundai Motor Group for construction of EV factory in the US

Description

On 16 October 2024, the Korea Trade Insurance Corporation (K-Sure) announced the provision of USD 1.35 billion in financing to support Korean company Hyundai Motor Group in the construction of a new e...

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Intervention Details

Intervention Type

Financial assistance in foreign market

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

16 Oct 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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