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Republic of Korea: Government announces KRW 14.3 trillion fund to support SMEs during the Lunar New Year holiday period

Description

On 16 January 2023, the Korean Financial Services Commission announced that the Korea Development Bank (KDB), the state-owned development bank, will provide KRW 1.2 trillion (USD 968.1 billion) to SME...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Jan 2023

Revocation date

08 Feb 2023

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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