Global Trade Alert
Global Trade Alert

Republic of Korea: Government launches plans to increase financing for climate crisis response and the transition to low carbon systems

Announcement

19 Mar 2024

In March 2024, the South Korean government released the "Financial Support Expansion Plan for Climate Crisis Response" and the "Green Investment Expansion Plan for Accelerating Transition to Low Carbon System". Together with private entities, the government pledged to jointly invest KRW 452 trillion (USD 337.4 billion) until 2030 to address the climate crisis.

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Number of interventions

6

0 certainly harmful

6 likely harmful

0 liberalising

List of interventions

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Updated: 19 Mar 2024
State loan

On 19 March 2024, the South Korean government released plans to increase financing for climate crisis response and the transition to low-carbon systems. Among others, the government plans to provid...

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Updated: 19 Mar 2024
State aid, unspecified

On 19 March 2024, the South Korean government released plans to increase financing for climate crisis response and the transition to low-carbon systems. Among others, the government pledged to prov...

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Updated: 19 Mar 2024
Capital injection and equity stakes (including bailouts)

On 19 March 2024, the South Korean government released plans to increase financing for climate crisis response and the transition to low-carbon systems. Among others, the government announced the p...

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Updated: 19 Mar 2024
Other export incentive

On 19 March 2024, the South Korean government released plans to increase financing for climate crisis response and the transition to low-carbon systems. Among others, the government pledged that th...

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Updated: 19 Mar 2024
Loan guarantee

On 19 March 2024, the South Korean government released plans to increase financing for climate crisis response and the transition to low-carbon systems. Among others, the government pledged that th...

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Updated: 19 Mar 2024
State loan

On 19 March 2024, the South Korean government released plans to increase financing for climate crisis response and the transition to low-carbon systems. Among others, the government pledged that th...

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