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Global Trade Alert

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Republic of Korea: Financial Services Commission announces KRW 8.5 trillion Small Business Loan Refinancing Program

Description

On 11 August 2022, the Financial Services Commission announced the allocation of KRW 8.5 trillion (approx. USD 6.5 billion) in loans under the Small Business Loan Refinancing Program. The scheme was d...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 Aug 2022

Revocation date

31 Dec 2023

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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