Global Trade Alert
Global Trade Alert

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

Announcement

27 Mar 2020

March 2020 - Consistent media reports confirmed that the South Korean government used national financial institutions to bail out one of its biggest domestic firms.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

27 Mar 2020

Revocation date:

No revocation date

Updated: 27 Mar 2020
Capital injection and equity stakes (including bailouts) In force

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 Exp...

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