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Global Trade Alert

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Republic of Korea: Government creates Small Businesses Support scheme

Description

On December 30th, the Republic of Korea announced the allocation of KRW 4 trillion won (USD 3.7 billion) in loans to SMEs. The Government implemented the loans on January 6th, 2021 to help Korean SMEs...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Jan 2021

Revocation date

28 Mar 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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