Global Trade Alert
Global Trade Alert

Republic of Korea: Eximbank and K-Sure provide financing to support SK On in construction of battery plant in Hungary

Announcement

28 Jul 2022

On 28 July 2022, Korean company SK On announced that it received USD 1.2 billion in financing from the Export-Import Bank of Korea and the Korea Trade Insurance Corporation (K-Sure) for the construction of a battery plant in Hungary.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

28 Jul 2022

Revocation date:

No revocation date

Financial assistance in foreign market In force

On 28 July 2022, Korean company SK On announced that it received financing worth USD 300 million in loans and USD 200 in loan guarantees from the Export-Import Bank of Korea for the construction of a ...

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Financial assistance in foreign market In force

On 28 July 2022, Korean company SK On announced that it received USD 700 million in guarantees from the Korea Trade Insurance Corporation (K-Sure) for the construction of a battery plant in Hungary. A...

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