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Global Trade Alert

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Republic of Korea: State aid for Device ENG Co Ltd's carbon reduction project

Description

On 30 October 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing a loan of KRW 16.5 billion (USD 12 million) to Device ENG Co Ltd. The loan supports the company'...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Oct 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

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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