Global Trade Alert
Global Trade Alert

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

Announcement

25 Mar 2020

March 25th, 2020 - The Eximbank of South Korea announced a commercial support policy

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

25 Mar 2020

Revocation date:

No revocation date

Other export incentive

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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State loan

In addition to the trade finance funding detailed in The Export-Import Bank of Korea's announcement (hereafter, 'Announcement') from the 25th March 2020, a new loan scheme for domestic firms was also ...

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