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Republic of Korea (Busan): Metropolitan government provides state aid to support SMEs during Lunar New Year holiday period

Description

On 17 January 2023, the Busan Metropolitan City government announced providing KRW 600 billion (USD 484.2 million) in loans to support small businesses in Busan during the Lunar New Year holiday perio...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 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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