INTIEAKorea · Additional Support Measures to Encourage ExportsPolicyIn force

Additional Support Measures to Encourage Exports

The Korean government's Emergency Economic Ministers Committee (led by the Ministry of Economy and Finance) announced Additional Support Measures to Encourage Exports, a portfolio of policy measures aimed at boosting export competitiveness through a combination of deregulatory…

Last changed 2 years ago.

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EffectiveJan 01, 2023
Last changeJul 02, 2024

Country / jurisdiction: Korea · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The Korean government's Emergency Economic Ministers Committee (led by the Ministry of Economy and Finance) announced Additional Support Measures to Encourage Exports, a portfolio of policy measures aimed at boosting export competitiveness through a combination of deregulatory measures, financing support, and government grants.

Measures include both general support that apply to a wide range of industries; and specific funding measures aimed at key strategic industries (including energy, semiconductor, and battery manufacturing industries).

General support measures include:

Loan financing for small and medium enterprises participating in national high-tech strategic industries.

Increased grant funding for the "re-shoring" of high-tech industry businesses.

Increase funding and financing support for National High-tech Strategic Industry Zones.

Deregulating export controls related to strategic industries.

Financing support for export businesses through both publicly owned financial institutions and public-private partnerships.

R&D support through designated university research centers and infrastructure construction support

Details for specific funding measures by sector are provided as separate entries.

Official source: https://www.korea.kr/briefing/pressReleaseView.do?newsId=156588220

Source

https://www.iea.org/policies/18485

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