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Republic of Korea: Government allocates KRW 7 trillion to K-New Deal Fund

Description

On 3 September 2020, the Republic of Korea announced the launch of the "Public Sector Led New Deal Fund," to which the South Korean Government will allocate KRW 3 trillion (USD 2.5 billion) until 2025...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Sep 2020

Revocation date

31 Dec 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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