Global Trade Alert
Global Trade Alert

Republic of Korea: KRW 308.8 billion in state aid to support development of hydrogen reduction steelmaking technology

Announcement

26 Jun 2025

In June 2025, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 308.8 billion in state aid to support the "Korean-style Hydrogen Reduction Steelmaking Demonstration Technology Development Project" between 2026 and 2030.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

26 Jun 2025

Revocation date:

31 Dec 2030

Updated: 26 Jun 2025
State aid, unspecified In force
On 26 June 2025, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced providing KRW 303.8 billion (USD 223.9 million) in state aid to support the development of "Korean-style Hydr...
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