Global Trade Alert
Global Trade Alert

Republic of Korea: KODIT provides KRW 260 billion in guarantees to Hyundai Motor Group's suppliers affected by US tariffs

Announcement

29 May 2025

In May 2025, the Korean Credit Guarantee Fund (KODIT) announced providing KRW 260 billion in guarantees to auto part manufacturing partners of Hyundai Motor Group that are affected by US tariffs and other factors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 May 2025

Revocation date:

No revocation date

Announced: 29 May 2025
Loan guarantee In force
On 29 May 2025, the Korean Credit Guarantee Fund (KODIT) announced the signing of a "P-CBO Guarantee Program for Win-Win Cooperation" partnership with Hyundai Motor Group. Under the agreement, KODIT p...
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