AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
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.
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