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Global Trade Alert

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Republic of Korea: Fourth supplementary budget announced; including $3.4bn of commercial support

Description

In October of 2020, the Korean Ministry of Economy and Finance (MOEF) announced in its fourth supplementary budget that emergency loan guarnatee funding for SMEs would be increased by KRW 2.5tn (USD 2...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Oct 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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