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Republic of Korea: Eximbank provides USD 1.5 billion to support battery plant construction in the United States of America

Description

On 28 March 2025, the Export-Import Bank of Korea announced providing USD 1.5 billion in state aid to support the construction of a battery plant by a joint venture of Korean companies SK On and Hyund...

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Intervention Details

Intervention Type

Financial assistance in foreign market

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

28 Mar 2025

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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