AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
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.
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