Global Trade Alert
Global Trade Alert

Republic of Korea: State aid to strengthen the competitiveness of the defence industry ecosystem

Announcement

17 Apr 2024

In April 2024, the South Korean government announced state aid measures to strengthen the competitiveness of the defence industry ecosystem. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Apr 2024

Revocation date:

31 Dec 2024

Announced: 17 Apr 2024
State aid, unspecified
On 17 April 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 400 billion (USD 298.1 million) in state aid to support South Korean defence and military part...
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Implementation date

17 Apr 2024

Revocation date:

No revocation date

Announced: 17 Apr 2024
Trade finance In force
On 17 April 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing an additional KRW 7 trillion (USD 5.1 billion) in trade insurance coverage to support South Korean...
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