Global Trade Alert
Global Trade Alert

Republic of Korea: $42.1bn COVID-19 'Financial Support Package' announced by several ministries

Announcement

19 Mar 2020

March 19th, 2020 - The Korean government announced a special stimulus package to support domestic business in the wake of the COVID-19 pandemic.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

3 in force

Implementation date

19 Mar 2020

Revocation date:

No revocation date

State loan In force

On March 19th, 2020, a press release from the South Korean Ministry of Economy and Finance confirmed the approval of a special stimulus package (hereafter, 'Stimulus Package') of 'over 50 trillion won...

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Loan guarantee In force

In March 2020, the Korean Ministry of Economy and Finance (MOEF) announced a financial stimulus of 'over 50 trillion won' (approx. USD 42.1bn) to tackle the economic effects of the COVID-19 pandemic. ...

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Loan guarantee In force

In March 2020, the Korean Ministry of Economy and Finance (MOEF) announced a financial stimulus of 'over 50 trillion won' (approx. USD 42.1bn) to tackle the economic effects of the COVID-19 pandemic. ...

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