AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The Korean Eximbank has committed with a total value of USD 100 million in financial support of the Korean company Daewoo Shipbuilding & Marine Engineering's wind farm development project in the United States.
In this context, a Korean Eximbank official stated: "the financial support will greatly assist Korean companies, with insufficient track records, enter the wind power sector as a overseas investment development project."
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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