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Republic of Korea: KRW 308.8 billion in state aid to support development of hydrogen reduction steelmaking technology

Description

On 26 June 2025, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 303.8 billion (USD 223.9 million) in state aid to support the development of "Korean-style Hydr...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

26 Jun 2025

Revocation date

31 Dec 2030

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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