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Republic of Korea: Government allocates KRW 2 trillion to SMEs through Compensation for Losses financial grant scheme

Description

On 27 October 2021, the Republic of Korea launched the KRW 2 trillion (USD 1.7 billion) Compensation for Losses program, a financial grant scheme that supports Korean small and medium-sized businesses...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Oct 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Sectors

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Affected Products

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