Global Trade Alert
Global Trade Alert

Republic of Korea: State aid to support Fusei Menix's export of semiconductor equipment to Vietnam and the United States

Announcement

03 Apr 2024

In April 2024, the South Korean government announced providing a KRW 40 billion grant to semiconductor and printed circuit board equipment company Fusei Menix. The company will reportedly use the funding to "expand exports to Vietnam and the United States"-

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Apr 2024

Revocation date:

No revocation date

Announced: 03 Apr 2024
Trade finance In force
On 3 April 2024, the South Korean Ministry of Trade, Industry, and Energy and the Korea Trade Insurance Corporation (K-Sure) presented a "guarantee certificate" worth KRW 40 billion (USD 29.6 million)...
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