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Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021

Description

On 3 March 2022, the Republic of Korea launched the KRW 2.2 trillion (USD 2 billion) Compensation for Losses program, a financial grant scheme that supports Korean small and medium-sized businesses. T...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Mar 2022

Revocation date

28 Mar 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Sectors

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Affected Products

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