IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Trade finance

The MoU creating a global infrastructure development fund between the Export-Import Bank (Eximbank) of Korea, the Korean Ministry of Land, Infrastructure and Transportation and Korea Development Bank was signed on 27 October 2017. The global infrastructure development fund has a total value of KRW 85 billion (USD 75.5 million).

The fund will support Korean companies overseas infrastructure activities by extending financial support.

In this context, the Korean Eximbank stated in a press release: "Valued at 85 billion won in total, the fund will provide up to 10 billion won for a project’s expenses at an early stage of development and is expected to alleviate the financial burden on Korean companies."

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

532 Civil engineering works
542 General construction services of civil engineering works

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