IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Sep 2009 | Removal date: open ended
Still in force

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850231 Windpowered

Please report this page in case you detect an inaccuracy in its content.