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Republic of Korea: First 2021 supplementary budget worth KRW 14.9 trillion passes at National Assembly

Description

On March 25th, 2021, the Ministry of Economy and Finance (MOEF) confirmed that the National Assembly passed a production subsidy, valued at KRW 220.2 billion (USD 193.7 million), for small and medium ...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Mar 2021

Revocation date

30 Jun 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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