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Republic of Korea: Financial Services Commission announces KRW 41.2 trillion relief package to support recovery of small businesses

Description

On 25 July 2022, the Korean Financial Services Commission announced the allocation of KRW 15.2 trillion (approx. USD 11.6 billion) in loan guarantees to support self-employed business owners and small...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Jul 2022

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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