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Global Trade Alert

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Republic of Korea: Announcement of comprehensive measures for small business owners and the self-employed, including budget increase of New Start Fund

Description

On 3 July 2024, the South Korean government released "Comprehensive Measures for Small Business Owners and Self-Employed Persons". Among other measures, the government announced it would extend the sc...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Jul 2024

Revocation date

31 Dec 2026

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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