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Global Trade Alert

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Republic of Korea: Financial Services Commission announces KRW 30 trillion New Start Fund

Description

On 29 August, the Korean Financial Services Commission announced a KRW 30 trillion (approx. USD 22.2 billion) New Start Fund to support self-employed business owners and small merchants to ease their ...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

04 Oct 2022

Revocation date

02 Jul 2024

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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