The evidence available leads to the conclusion that the KEXIM "pre-shipment credit "and" advance payment guarantee" schemes led to the granting of subsidies within the meaning of Article 1 of the ASCM to Korean shipbuilders.

　

The KEXIM subsidies in question are de jure export contingent within the meaning of Article 3 of the ASCM and therefore, in accordance with Article 2.3, specific.