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: 15 May 2012 | Removal date: open ended
Still in force

Financial assistance in foreign market

The Korean Eximbank's financial support for Korean GS Engineering and Construction Company has a total volume of KRW 180 billion (USD 156.98 million). These funds will finance the Korean company's acquisition of the Spanish water treatment firm Inima S.A.U. (Inima).

In this context, the Bank stated: "This M&A marks the beginning of Korea Eximbank support for participation by Korean firms in privately funded overseas water projects. Korea Eximbank will continue to strengthen its support for leading green firms and promote exports"

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

863 Support services to electricity, gas & water distribution

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