Global Trade Alert
Global Trade Alert

Republic of Korea: State aid worth KRW 442.5 billion to support future car industry

Announcement

31 Jan 2024

In January 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 442.5 billion in state aid to support 'super-gap technology' projects in the automobile industry.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Jan 2024

Revocation date:

04 Mar 2024

Updated: 31 Jan 2024
State aid, unspecified

On 31 January 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 442.5 billion (USD 332 million) in state aid to support 'super-gap technology' projects i...

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