Global Trade Alert
Global Trade Alert

Republic of Korea: Eximbank provides USD 1.5 billion to support battery plant construction in the United States of America

Announcement

28 Mar 2025

In March 2025, the Export-Import Bank of Korea announced providing USD 1.5 billion in state aid to support the construction of a battery plant by a joint venture of Korean companies SK On and Hyundai Motor in the United States of America.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

28 Mar 2025

Revocation date:

No revocation date

Financial assistance in foreign market In force

On 28 March 2025, the Export-Import Bank of Korea announced providing USD 1.5 billion in state aid to support the construction of a battery plant by a joint venture of Korean companies SK On and Hyund...

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