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Republic of Korea: Government announces state aid to support SMEs during the 2025 Lunar New Year holiday period

Description

On 20 January 2025, the South Korean Financial Services Commission announced that the Korea Development Bank (KDB), the state-owned development bank, will provide KRW 0.8 trillion (approx. USD 551.2 m...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Jan 2025

Revocation date

14 Feb 2025

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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