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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 South Korean Ministry of Economy and Finance (MOEF) confirmed that KRW 375 billion (USD 332 million) in loan guarantees will be provided to small and medium enterprises. The s...

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Intervention Details

Intervention Type

Loan guarantee

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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