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North Korea , Thursday 16 April 2026

South Korea to offer $5.3 billion in financing to support battery investment in North America

Published on: Thursday 06 April 2023

South Korea to offer $5.3 billion in financing to support battery investment in North America By Heekyong Yang SEOUL (Reuters) - South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in infrastructure in North America over the next five years to help firms cope with the U.S. Inflation Reduction Act. Government support will include lowering lending rates and insurance premiums by as much as 20% as well as


News source: https://www.msn.com/en-au/money/topstories/south-korea-to-offer-5-3-billion-in-financing-to-support-battery-investment-in-north-america/ar-AA19zGSP

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