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Global Trade Alert

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Republic of Korea (Seoul): Metropolitan Government supplies KRW 1.6 trillion in loans to SMEs

Description

On 18 January 2023, the Seoul Metropolitan Government announced providing KRW 700 billion (USD 567.4 million) in loans to SMEs under the "Safe Interest Rate Fund". Companies can apply for support begi...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Jan 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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