Taxonomy: Implementing Jurisdiction - Republic of Korea
Republic of Korea: Key Economic Policy Statement for 2010.
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In December 2009 the Government of Korea issued a wide-ranging policy statement of its "Key Economic Policies" for 2010.Republic of Korea: Tariff reductions on "green goods"
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From 23 September 2009 the Ministry of Strategy and Finance offered 50 percent tariff cuts on 31 products "used to produce or use new & renewable energy," 21 solar energy products, seven wind power products, one type of hydrogeRepublic of Korea: Restrictions on overseas bank financing by commercial operations.
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In June 2010 the Ministry of Strategy and Finance issued a policy statement concerning volatile capital flows.Republic of Korea: Tax plans for 2010.
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The stated purpose of the 2010 revisions to the Korean tax law is to create jobs and support "the low-income class." While many of the measures appear to be neutral to foreign commercial interests, not all are.Republic of Korea: US$300 million in support for Korean bids for 2 drillships
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On 18 June 2009 the Export-Import Bank of Korea announced that it had provided US$300 million in financial support to a Korean bidder for a Brazilian contract to build two drillships. The relevant press release notes:United States and Korea: Joint financing initiative for trade and investment in "green" products
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On 17 April 2009 the Export-Import Bank of Korea announced the signing of a Cooperation Agreement with the United States Eximbank. The agreement concerned "collaborative aid in green industries and new and renewable energy."Republic of Korea: Special financing measures to preserve shipyard's supply chains
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On 1 April 2009 the Export Import Bank of Korea announced it was making even more resources--now totally 4 billion Won--available to Korean shipyards "in order to improve financial standings of about 5,000 SME (small and medium enterprise) suRepublic of Korea: Special financing scheme for "Hidden National Champions"
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On 28 March 2010 the Export-Import Bank of Korea selected its first set (of 34) Hidden National Champions. Another 66 such firms are expected to be selected this year, according to the relevant press release.Republic of Korea: Export financing scheme to encourage imports by Mexican firms
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On 1 July 2010 the Export-Import Bank of Korea signed a US$50 million export financing deal with Bancomex. The press release published by the former agency states:Republic of Korea: Enhanced trade finance scheme made available to large scale plant projects
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On 16 July 2010 the Export-Bank of Korea and the Sumitomo Mitsui Banking Corporation (SMBC) signed an accord to provide finance for large overseas projects such as "ship finance, export finance, foreign investments; development of natura
