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Republic of Korea: Government provides more than KRW 5.2 trillion in support for SMEs in first Small Business Quarantine Subsidy scheme

Description

On 27 December 2021, the Korean Ministry for SMEs and Startups invested KRW 3.2 trillion (USD 2.7 billion) in the “Small Business Quarantine Subsidy” scheme, a financial grant scheme targeting small a...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Dec 2021

Revocation date

23 Feb 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Sectors

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Affected Products

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