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Global Trade Alert

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Republic of Korea: Government creates Support Fund Plus

Description

On March 2nd, 2021, the Republic of Korea announced an additional KRW 2.6 trillion (USD 2.3 billion) in cash grant support for small and medium businesses, making the total financing KRW 6.7 trillion ...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Mar 2021

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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