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Global Trade Alert

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Republic of Korea: Eximbank finances Korean company's hostile takeover of British oil and gas explorer

Description

The Korean Eximbank announced financing the Korea National Oil Corporation with a total value of USD 750 million. The funding provided will support the Korean company's takeover of the British oil and...

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Intervention Details

Intervention Type

Financial assistance in foreign market

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

06 Oct 2010

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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