Global Trade Alert
Global Trade Alert

Republic of Korea: Establishment of government fund to boost targeted medical research firms

Announcement

13 May 2020

May 13th, 2020 - A number of ministries in the Republic of Korea announced the establishment of a targeted government support fund.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 May 2020

Revocation date:

31 Dec 2022

Updated: 13 May 2020
Financial grant
On May 13th, 2020, several Korean government ministries jointly launched the Korea Medical Device Development Fund to invest in certain domestic firms with a confirmed total budget of USD 980m (KRW 1....
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