AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
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.
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