Global Trade Alert
Global Trade Alert

Republic of Korea: Launch of textile and fashion industry competitiveness strategy, including KRW 2.9 trillion state aid to apparel companies

Announcement

13 Aug 2024

In August 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced a new Textile and Fashion Industry Competitiveness Strategy. Among other measures, the government will provide KRW 2.9 trillion in state aid to support apparel companies. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 Aug 2024

Revocation date:

31 Dec 2024

Updated: 13 Aug 2024
State aid, unspecified

On 13 August 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced a new Textile and Fashion Industry Competitiveness Strategy. Among other measures, the government will p...

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