Global Trade Alert
Global Trade Alert

Republic of Korea: Fourth supplementary budget announced; including $3.4bn of commercial support

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

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

02 Oct 2020

Revocation date:

No revocation date

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...

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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...

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