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Global Trade Alert

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Republic of Korea: $1.5bn State-funded Bailout for Doosan Heavy Industries

Description

At the end of March 2020, after a period of speculation and worker protests, consistent media reports confirmed that Doosan Heavy Industries had been given emergency funding by the South Korean Export...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Mar 2020

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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