Global Trade Alert
Global Trade Alert

Republic of Korea: State aid measures to promote AI development

Announcement

04 Jul 2024

On 4 July 2024, the South Korean government announced new state aid measures "to promote AI development", including the launch of the AI Korea Fund as well as KRW 3 trillion in new low-interest loans to AI-related sectors.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 Jul 2024

Revocation date:

No revocation date

Updated: 04 Jul 2024
State aid, unspecified In force

On 4 July 2024, the South Korean government announced new state aid measures "to promote AI development". Among others, the government announced the launch of the AI Korea Fund "to support the deve...

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Updated: 04 Jul 2024
State loan In force

On 4 July 2024, the South Korean government announced new state aid measures "to promote AI development". Among others, the state-owned development bank Korea Development Bank (KDB) will provide KR...

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