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Global Trade Alert

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Republic of Korea: Government announces emergency financial support package of $40bn

Description

On March 19th, 2020, the South Korean Ministry of Economy and Finance (MOEF) announced an emergency financial support package to aid domestic firms through the economic fallout of the COVID-19 pandemi...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Mar 2020

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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