Announcement
22 Sep 2020
September 22nd, 2020 - The South Korean government announced further emergency support for the economy in the wake of the COVID-19 pandemic.
Source
Sign in to access
Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
02 Oct 2020
Revocation date:
No revocation date
Announced: 22 Sep 2020
Loan guarantee
In force
In October of 2020, the Korean Ministry of Economy and Finance (MOEF) announced in its fourth supplementary budget that emergency loan guarnatee funding for SMEs would be increased by KRW 2.5tn (USD 2...
Sign in to see more
Announced: 22 Sep 2020
State loan
In force
On September 22nd, 2020, the South Korean Ministry of Economy and Finance (MOEF) released a press release confirming that a fourth supplementary budget had been approved as a response to the effects o...
Sign in to see more
Related State Acts
Announced: 27 Oct 2021
Republic of Korea: Government allocates KRW 2 trillion to SMEs through Compensation for Losses financial grant scheme
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
Removed: 30 Jun 2021
Republic of Korea: First 2021 supplementary budget worth KRW 14.9 trillion passes at National Assembly
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: 08 Oct 2020
Republic of Korea: Government allocates KRW 81 billion to taxi driver support scheme
Announced: 03 Jul 2020
Republic of Korea: Government releases 2020 third supplementary budget as a result of COVID-19
Announced: 03 Feb 2020
Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs
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
70624
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
53958
interventions
121
jurisdictions