Announcement
30 Dec 2020
On December 30th, 2020, the Korean Government announced support to small businesses affected by COVID-19.
Source
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
11 Jan 2021
Revocation date:
29 Mar 2021
Announced: 30 Dec 2020
Financial grant
On December 30th, 2020, the Korean Government announced the Small Businesses Support Fund worth KRW 4.1 trillion (USD 3.8 billion) to small and medium businesses. The funds are dispersed as cash grant...
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Implementation date
06 Jan 2021
Revocation date:
28 Mar 2021
Announced: 30 Dec 2020
State loan
On December 30th, the Republic of Korea announced the allocation of KRW 4 trillion won (USD 3.7 billion) in loans to SMEs.
The Government implemented the loans on January 6th, 2021 to help Korean SMEs...
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Related State Acts
Announced: 03 Mar 2022
Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021
Announced: 23 Feb 2022
Republic of Korea: Government implements KRW 10 trillion Second Quarantine Subsidy
Announced: 27 Dec 2021
Republic of Korea: Government provides more than KRW 5.2 trillion in support for SMEs in first Small Business Quarantine Subsidy scheme
Announced: 24 Nov 2021
Republic of Korea: Government allocates KRW 1.7 trillion to loan schemes targeting SMEs
Announced: 02 Mar 2021
Republic of Korea: Government creates Support Fund Plus
Announced: 01 Feb 2021
Republic of Korea: Government allocates KRW 12.8 trillion to SME loan scheme
Announced: 11 Sep 2020
Republic of Korea: Government creates New Hope Fund for SMEs
Announced: 03 Feb 2020
Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs
Announced: 01 Jan 2020
Republic of Korea: Government invests over KRW 1 trillion in Management Stabilization Fund for SMEs
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