Global Trade Alert
Global Trade Alert

Republic of Korea: Government announces measures to support defense industry

Announcement

06 Apr 2023

In April 2023, the South Korean Ministry of Trade, Industry and Energy announced the conclusion of an agreement to provide KRW 100 billion in export financing to the South Korean defence industry. It also announced the allocation of KRW 278.1 billion to the civil-military technical cooperation project in 2023.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

06 Apr 2023

Revocation date:

31 Dec 2023

Announced: 06 Apr 2023
State aid, unspecified
On 6 April 2023, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced allocating KRW 278.1 billion (USD 211 million) in government funds to the civil-military technical cooperatio...
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Implementation date

06 Apr 2023

Revocation date:

No revocation date

Announced: 06 Apr 2023
Trade finance In force
On 6 April 2023, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced the conclusion of an agreement to provide KRW 100 billion (USD 75.7 million) in export financing to the South...
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