Global Trade Alert
Global Trade Alert

Republic of Korea: Korea Development Bank announced a USD 1.5 billion support for Korea National Oil Corporation

Announcement

16 Apr 2026

In April 2026, the Korea Development Bank announced a USD 1.5 billion support for the Korea National Oil Corporation to proactively secure the liquidity needed in times of crisis.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Apr 2026

Revocation date:

No revocation date

Announced: 16 Apr 2026
State aid, unspecified In force

Recent update from 20 Apr 2026:

On 16 April 2026, the Korea Development Bank (KDB) announced that it would provide USD 1.5 billion to the Korea National Oil Corporation. The support is co-financed by the Export-Import Bank for an...

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