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Republic of Korea: Ministry for SMEs and Startups invests KRW 2 trillion in loan scheme targeting SMEs

Description

On 29 November 2021, the Korean Ministry of SMEs and Startups launched the KRW 2 trillion (USD 1.68 billion) "Daily Recovery Special Loan" scheme. The scheme supports SMEs experiencing financial losse...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Nov 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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