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: 06 Sep 2010 | Removal date: open ended
Still in force

Financial assistance in foreign market

The Korean Eximbank announced providing loans with a total value of USD 295 million to the Korean company Hanhwa Chemical. The loans will finance the Korean company's bid to acquire the 49.9% of the solar modules manufacturer Solarfun. The solar manufacturer was established in China in 2004 and operates worldwide including Europe and the United States.

In this context, a Korea Eximbank official stated: "The recent acquisition could provide a strong impetus to help Korean companies become global leaders in the field. We plan to actively assist Korean companies increase competitiveness by financing M&As."

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

471 Electronic valves & tubes; electronic components; parts
8541 Diodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, including photovoltaic cells whether or not assembled in modules or made up into panels; light emitting diodes; mounted piezoelectric crystals.
854140 Photosensitive semiconductor devices, including photovoltaic cells whether or not assembled in modules or made up into panels; light emitting diodes

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