Global Trade Alert
Global Trade Alert

Republic of Korea: KODIT allocates KRW 37.7 billion in loan guarantees to support a project led by Hyundai Transys

Announcement

07 Dec 2021

In December 2021, the Korea Credit Guarantee Fund (KODIT) allocated KRW 37.7 billion in joint project loan guarantees to support a Hyundai Transys-led project that aims to produce powertrain and seating components for electric vehicles.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Dec 2021

Revocation date:

No revocation date

Announced: 07 Dec 2021
Loan guarantee In force
On 7 December 2021, the Korea Credit Guarantee Fund (KODIT) announced the approval of loan guarantees of KRW 37.7 billion (approx. USD 32 million) in order to support a Hyundai Transys project that ai...
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