AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Korean Eximbank's financial support for the Korean company OCI's exports to the 9MW Solar Photovoltaic Project in the United States has a total value of USD 12 million.
In this context, the Eximbank stated: "Korean companies have relatively less experience in the photovoltaic industry as they are late entries in the sector. As such, this financing for OCI will greatly assist Korean companies enter the US market, which is quickly becoming the largest photovoltaic power market in the world."
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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