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Global Trade Alert

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

Description

On 8 January 2024, the Seoul Metropolitan Government announced providing KRW 200 billion (USD 151.51 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

08 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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