Global Trade Alert
Global Trade Alert

Republic of Korea: K-Sure provides USD 940 million in support to Hyundai Mobis Co., Ltd. for the construction of an electric vehicle parts factory in the U.S.

Announcement

08 Nov 2023

In November 2023, the Korea Trade Insurance Corporation (K-Sure) announced the provision of USD 940 million in financing to support Korean company Hyundai Mobis in the construction of four factories in the United States to produce battery systems and powertrain components.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Nov 2023

Revocation date:

No revocation date

Updated: 08 Nov 2023
Financial assistance in foreign market In force

On 8 November 2023, the Korea Trade Insurance Corporation (K-Sure) announced the provision of USD 940 million in financing to support Korean company Hyundai Mobis in the constru...

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