Global Trade Alert
Global Trade Alert

Republic of Korea: KODIT allocates KRW 632 billion in loan guarantees to support two projects led by Hyundai Motor Group

Announcement

02 May 2024

In May 2024, the Korea Credit Guarantee Fund (KODIT) announced the signing of two agreements with Hyundai Motor Group. Under the agreements, KODIT will provide special guarantees worth a total of KRW 632 billion to support "joint investments" by Hyundai Motor Group and partner companies.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 May 2024

Revocation date:

No revocation date

Updated: 02 May 2024
Other export incentive In force

On 2 May 2024, the Korea Credit Guarantee Fund (KODIT) announced the signing of a "Financial Support Business Agreement to Promote Future Eco-Friendly Mobility Exports" with Hyundai Motor Grou...

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Updated: 02 May 2024
Loan guarantee In force

On 2 May 2024, the Korea Credit Guarantee Fund (KODIT) announced the signing of a "Domestic Partnership Investment Financial Support Business Agreement" with Hyundai Motor Group. Under the agr...

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