Global Trade Alert
Global Trade Alert

Republic of Korea: K-Shipyard Export Financing Support MOU

Announcement

17 Jun 2024

In June 2024, the South Korean government announced the signing of the K-Shipyard Export Financing Support Memorandum of Understanding (MOU). As part of the agreement, several state-owned policy banks will provide refund guarantees to support the exports of medium-sized and large South Korean shipbuilders. 

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Jun 2024

Revocation date:

No revocation date

Announced: 17 Jun 2024
Trade finance In force
On 17 June 2024, the South Korean government announced that several commercial banks will provide KRW 420 billion (USD 303.85 million) in refund guarantees to support the exports of medium-sized South...
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Announced: 17 Jun 2024
Trade finance In force
On 17 June 2024, the South Korean government announced that the state-owned development bank Korea Development Bank will allocate KRW 260 billion (USD 188.1 million) in refund guarantees to support th...
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Announced: 17 Jun 2024
Trade finance In force
On 17 June 2024, the South Korean government announced that three state-owned policy banks, together with five major commercial banks, will provide KRW 14 trillion (USD 10.1 billion) in refund guarant...
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