Global Trade Alert
Global Trade Alert

Republic of Korea: KODIT provides guarantees to support Hyundai Motor Group and partner companies' advancement into overseas markets

Announcement

31 Aug 2023

In August 2023, the Korea Credit Guarantee Fund (KODIT) announced providing KRW 300 billion in guarantees to support Hyundai Motor Group and its partner companies in projects to advance into overseas markets.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Aug 2023

Revocation date:

No revocation date

Announced: 31 Aug 2023
Financial assistance in foreign market In force
On 31 August 2023, the Korea Credit Guarantee Fund (KODIT) and Hyundai Motor Group announced the signing of a guarantee agreement. Under the agreement, KODIT provides KRW 300 billion (USD 226.5 millio...
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