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Republic of Korea (Busan): Metropolitan government provides state aid to SMEs during 2024 Lunar New Year holiday period

Description

On 10 January 2024, the Busan Metropolitan City government announced providing KRW 500 billion (USD 379.1 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

15 Jan 2024

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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