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Republic of Korea: Government implements KRW 3.5 trillion Compensation for Losses scheme for the first quarter of 2022

Description

On 3 June 2022, the Republic of Korea announced the launch of the KRW 3.5 trillion (USD 2.8 billion) Compensation for Losses program for the first quarter of 2022, a financial grant scheme that suppor...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Jun 2022

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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Affected Sectors

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Affected Products

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