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: 25 Mar 2011 | Removal date: open ended
Still in force

Financial assistance in foreign market

The Korean Eximbank's financial support to the Korean company POSCO to acquire 2.5% stake in the Brazilian niobium mining company CBMM has a total value of USD 325 million.

In this context, a Korean Eximbank official stated: "As Korean companies are expanding into overseas natural resource markets in terms of sectors and regions, Korea Eximbank plans to further enhance comprehensive financial packages providing customized finance for sectors with great potential such as rare metal development, as well as non-financial services including investment information on target nations."

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

142 Non-ferrous metal ores & concentrates
2615 Niobium, tantalum, vanadium or zirconium ores and concentrates.
261590 Other

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