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Republic of Korea: Eximbank announces removal of interest rate on $823m of loans to SMEs to combat COVID-19

Description

On February 28th, 2020, the South Korean Eximbank officially announced that certain loan interest and guarantee fees for firms in the areas were cancelled for the month of March.  Additionally, it was...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Mar 2020

Revocation date

31 Mar 2020

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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