Global Trade Alert
Global Trade Alert

Republic of Korea: 5th 'Economy Vitalisation' meeting held; more support policies announced

Announcement

19 Feb 2020

February 19th, 2020 - The Korean finance ministry announced further commercial support measures to combat COVID-19.

Source

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

17 Feb 2020

Revocation date:

No revocation date

Localisation, nes In force

The South Korean government announced on February 17th, 2020, the increased support for SMEs through framework aimed at encouraging the country's populace to go out and purchase goods from local busin...

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Implementation date

05 Feb 2020

Revocation date:

No revocation date

Internal taxation of imports

On February 19th, 2020, the South Korean Ministry of Economy and Finance Ministry of Economy and Finance held its 5th 'Economic Vitality' meeting of 2020, releasing the official minutes (hereafter, 'M...

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Implementation date

05 Feb 2020

Revocation date:

No revocation date

Tax or social insurance relief

The South Korean Ministry of Economy and Finance on February 19th 2020 held a meeting conerning 'Economy Vitalisation', the fifth such one of that year. In the meeting, a policy was announced to help ...

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