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Global Trade Alert

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Republic of Korea: Korea Eximbank announces $1.6bn in support for firms with reduced export income from COVID-19

Description

On March 25th, 2020, the South Korean Ministry of Economy and Finance released an announcement (hereafter, 'Announcement'), within which was contained a new support policy to help export-reliant firms...

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Intervention Details

Intervention Type

Other export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

25 Mar 2020

Revocation date

31 Dec 2020

Implementation level

NFI

Affected flow

Outward subsidy

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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