Global Trade Alert
Global Trade Alert

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Republic of Korea: Government creates New Hope Fund for SMEs

Description

On September 11th, 2020, the Korean Government announced the New Hope Fund worth KRW 3.8 trillion (USD 3.2 billion) for small and medium businesses. The funding will be dispersed in the form of cash g...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Sep 2020

Revocation date

28 Jan 2021

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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