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Republic of Korea: $42.1bn COVID-19 'Financial Support Package' announced by several ministries

Description

In March 2020, the Korean Ministry of Economy and Finance (MOEF) announced a financial stimulus of 'over 50 trillion won' (approx. USD 42.1bn) to tackle the economic effects of the COVID-19 pandemic. ...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Mar 2020

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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