Global Trade Alert
Global Trade Alert

Republic of Korea: State aid to Korea Aerospace Industries' development of single-seat FA-50 fighter jet

Announcement

02 May 2024

In May 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 49.4 billion to support Korea Aerospace Industries (KAI) in the development of a single-seat FA-50 fighter jet. According to the release, the stated objective is to expand the export of the jet to the United States and other countries.

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Number of interventions

1

1 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 South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 49.4 billion (USD 35.9 million) to support Korea Aerospace Industries (KAI) in the development...

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