Global Trade Alert
Global Trade Alert

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

Announcement

22 Nov 2010

On 6 October 2010, the Export-Import Bank of Korea (Korea Eximbank) provided financing for Korea National Oil Corporation's overseas business activities.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

06 Oct 2010

Revocation date:

No revocation date

Updated: 22 Nov 2010
Financial assistance in foreign market In force

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 ...

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