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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 2 trillion (USD 1.7 billion) in a loan scheme for small and medium-sized businesses not eligible for the “Small Business Qua...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Dec 2021

Revocation date

No revocation date

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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