Announcement
24 Sep 2024
In September 2024, the South Korean government announced several state aid measures to support Korean companies' projects related to the AI transformation of the Korean manufacturing sector.
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Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
24 Sep 2024
Revocation date:
No revocation date
Updated: 24 Sep 2024
State loan
In force
On 24 September 2024, the South Korean government announced that the Industrial Bank of Korea (IBK) and two commercial banks would provide KRW 200 billion (USD 149.9 million) in loans to support Ko...
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Implementation date
24 Sep 2024
Revocation date:
23 Sep 2029
Updated: 24 Sep 2024
Trade finance
In force
On 24 September 2024, the South Korean government announced that the Korea Trade Insurance Corporation (K-Sure) would provide up to KRW 10 trillion (USD 7.5 billion) in guarantees under the "AI Plu...
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Updated: 24 Sep 2024
Loan guarantee
In force
On 24 September 2024, the South Korean government announced that the Korea Trade Insurance Corporation (K-Sure) would provide up to KRW 10 trillion (USD 7.5 billion) in guarantees under the "AI Plu...
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