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Republic of Korea: Revised U-Turn Act expands benefits category to include information, software, and knowledge services

Description

On March 20th, 2020, the Korean Ministry of Trade, Industry and Energy (MOTIE) announced that a revision of the U-Turn Act of 2013 will be effective from March 11th, 2020. The U-Turn Act incentivises ...

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Intervention Details

Intervention Type

In-kind grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 Mar 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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