Global Trade Alert
Global Trade Alert

Republic of Korea: KODIT allocates KRW 22 billion in loan guarantees to support a project led by Hyundai Motor Group

Announcement

02 Nov 2020

In November 2020, the Korea Credit Guarantee Fund (KODIT) allocated KRW 22 billion in joint project loan guarantees to support a Hyundai Motor Group-led project that aims to mass-produce a new electric vehicle model.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

02 Nov 2020

Revocation date:

No revocation date

Loan guarantee In force

On 2 November 2020, the Korea Credit Guarantee Fund (KODIT) announced the approval of loan guarantees of KRW 22 billion (approx. USD 19.4 million) in order to support a Hyundai Motor Group project tha...

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