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Global Trade Alert

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Republic of Korea: Support worth KRW 10.5 trillion for startups and venture businesses

Description

On 20 April 2023, the South Korean Government announced providing support worth KRW 2.2 trillion (USD 1.7 billion) in loans to South Korean startups, irrespective of sector. The support is designed to...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Apr 2023

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 Sectors

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Affected Products

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