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Republic of Korea: Government allocates KRW 12.8 trillion to SME loan scheme

Description

On 1 February 2021, the South Korean Financial Services Commission announced loan guarantee funding for small and medium-sized businesses worth KRW 3.5 trillion (USD 3.1 billion). The temporary guaran...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Feb 2021

Revocation date

26 Feb 2021

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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