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Global Trade Alert

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Republic of Korea: Government releases 2020 third supplementary budget as a result of COVID-19

Description

On 3 July 2020, the Korean National Assembly passed its third supplementary budget in which they allocated KRW 600 billion (USD 500 million) to loan guarantees for small and medium-sized businesses wi...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

No implementation date

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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Table

Affected Sectors

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Affected Products

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