- The South Korean government and 12 financial institutions have committed to providing a total of $10.75 billion in “Refund Guarantees” (RGs) to the shipbuilding industry.
- It is the first time for South Korea to offer refund guarantees to shipyards since 2013.
South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund guarantees (RGs) to domestic shipbuilders, which the government expects to help them bag $26.9 billion worth of new shipbuilding orders,...
https://mfame.guru/korea-issues-10-75bn-in-refund-guarantees-to-shipbuilders/