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Global Trade Alert

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Republic of Korea: KRW 200 billion in loans to low-credit small business owners

Description

On 24 July 2024, the South Korean Ministry of SMEs and Startups (MSS) announced providing KRW 200 billion (USD 144.64 million) in new loans at preferential interest rates to low-and medium-credit smal...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Jul 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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