AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The Korean Eximbank provided Korean company DaewooSME with a total value of USD 50 million to support the company's acquisition of the American wind power turbine manufacturer DeWind. According to the Korean Eximbank, the Korean company specifically seeks to enter the North American wind turbine market and promote its participation in energy projects.
In this context, Korea EximBank stated that: "After the global financial crisis, we have seen a decrease in enterprise values worldwide. This makes it a perfect time for M&A companies with advanced technology to seize the market. We expect to see a large number of M&As for upgrades in technology." He added, "Korea Eximbank will actively support M&A transactions in the green growth sector to advance the green growth industry.” More information on the Bank's financial instruments can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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