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Global Trade Alert

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Republic of Korea: KODIT provides KRW 240 billion in guarantees to support Hyundai Motor Group and partner companies' advancement into overseas markets

Description

On 29 April 2025, the Korea Credit Guarantee Fund (KODIT) and Hyundai Motor Group announced the signing of a guarantee agreement. Under the agreement, KODIT provides KRW 240 billion (USD 167.2 million...

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Intervention Details

Intervention Type

Financial assistance in foreign market

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

29 Apr 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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