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Republic of Korea: Government announces state aid to support SMEs ahead of 2025 Chuseok holidays

Description

On 29 September 2025, the Korean Financial Services Commission announced that the Industrial Bank of Korea (IBK), a state-owned bank, will provide KRW 3.8 trillion (approx. USD 2.7 billion) in new loa...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Sep 2025

Revocation date

25 Oct 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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