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
Sign in to access
Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
19 Mar 2020
Revocation date:
No revocation date
Announced: 19 Mar 2020
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.
...
Sign in to see more
Announced: 19 Mar 2020
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.
...
Sign in to see more
Announced: 19 Mar 2020
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...
Sign in to see more
Related State Acts
Announced: 28 Sep 2021
Republic of Korea: Korea Credit Guarantee Fund (KODIT) allocates KRW 1 trillion in loan guarantees to SMEs
Announced: 30 Jul 2021
Republic of Korea: Government allocates KRW 3.8 trillion to rent relief loan program
Announced: 29 Mar 2021
Republic of Korea: Korea Credit Guarantee Fund (KODIT) allocates KRW 1 trillion in loan guarantees to certain exporters
Announced: 03 Mar 2021
Republic of Korea: Government funding initiatives announced in the 31st Meeting of Central Economic Response Headquarters
Announced: 01 Feb 2021
Republic of Korea: Government allocates KRW 12.8 trillion to SME loan scheme
Announced: 16 Mar 2020
Republic of Korea: Second stimulus package of $6.4bn for COVID-19 recovery announced
Announced: 03 Feb 2020
Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs
Removed: 30 Jun 2021
Republic of Korea: Government provides tax incentive to commercial landlords with tenants running SMEs as a result of COVID-19
Announced: 14 Aug 2019
Republic of Korea: Korea Credit Guarantee Fund (KODIT) allocates KRW 800 billion in loan guarantees to SMEs
Threads
See all
Harmful Trade Policy Measures
This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.
Published: 04 Sep 2024
70627
interventions
194
jurisdictions
G20: Harmful Trade Policy Interventions
This Thread tracks harmful trade policy interventions introduced by G20 members since 2009. It covers all types of interventions monitored by Global Trade Alert.
Published: 15 Jan 2025
53959
interventions
121
jurisdictions