Global Trade Alert
Global Trade Alert

Republic of Korea: K-Sure provides financing to support Korean companies in construction of battery plant in Indonesia

Announcement

22 Aug 2022

In August 2022, the Korea Trade Insurance Corporation (K-Sure) announced the provision of financing to support Korean companies Hyundai Motor Company, Kia Motors, Hyundai Mobis, and LG Ensol in the construction of a battery plant in Indonesia.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Aug 2022

Revocation date:

No revocation date

Updated: 22 Aug 2022
Trade finance In force

On 22 August 2022, the Korea Trade Insurance Corporation (K-Sure) announced the provision of financing worth USD 710 million to support the construction of an electric vehicle battery plant in Indo...

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