Global Trade Alert
Global Trade Alert

Republic of Korea: Eximbank announces removal of interest rate on $823m of loans to SMEs to combat COVID-19

Announcement

28 Feb 2020

February 28th, 2020 - The Korean Eximbank published details of its financial support given to domestic SMEs.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

01 Mar 2020

Revocation date:

No revocation date

State loan

On February 28th, 2020, the South Korean Eximbank officially announced that certain loan interest and guarantee fees for firms in the areas were cancelled for the month of March.  Additionally, it was...

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