Announcement
25 Mar 2021
On March 25th, 2021, the South Korean Government passed the first 2021 supplementary budget.
Source
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Number of interventions
5
5 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
05 Apr 2021
Revocation date:
30 Jun 2021
Removed: 30 Jun 2021
Financial grant
On March 25th, 2021, the South Korean Ministry of Economy and Finance (MOEF) confirmed that the National Assembly approved KRW 182.3 billion (USD 160.4 million) in funding for SMEs in the agriculture ...
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Implementation date
31 Mar 2021
Revocation date:
30 Jun 2021
Announced: 25 Mar 2021
Loan guarantee
On March 25th, 2021, the South Korean Ministry of Economy and Finance (MOEF) confirmed that KRW 125 billion (USD 110 million) in loan guarantees will be provided to small and medium bus management com...
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Announced: 25 Mar 2021
Loan guarantee
On March 25th, 2021, the South Korean Ministry of Economy and Finance (MOEF) confirmed that KRW 375 billion (USD 332 million) in loan guarantees will be provided to small and medium enterprises. The s...
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Announced: 25 Mar 2021
Production subsidy
On March 25th, 2021, the Ministry of Economy and Finance (MOEF) confirmed that the National Assembly passed a production subsidy, valued at KRW 220.2 billion (USD 193.7 million), for small and medium ...
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Implementation date
31 Mar 2021
Revocation date:
30 Jul 2021
Announced: 25 Mar 2021
State loan
On March 25th, 2021, the South Korean Ministry of Economy and Finance (MOEF) confirmed that KRW 900 billion (USD 798.6 million) in emergency damage support was provided to small and medium enterprises...
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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: 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: 27 Oct 2021
Republic of Korea: Government allocates KRW 2 trillion to SMEs through Compensation for Losses financial grant scheme
Announced: 17 Aug 2021
Republic of Korea: Government launches KRW 4.2 trillion Hope Recovery Fund
Announced: 04 Aug 2021
Republic of Korea: Ministry of SMEs and Startups launches KRW 1 trillion loan guarantee scheme
Announced: 30 Jul 2021
Republic of Korea: Government allocates KRW 3.8 trillion to rent relief loan program
Announced: 30 Jul 2021
Republic of Korea: Government increases loan scheme to SMEs by KRW 200 billion
Announced: 24 Jul 2021
Republic of Korea: Second 2021 supplementary budget worth KRW 34.9 trillion passes at National Assembly
Announced: 02 Apr 2021
Republic of Korea: Government invests KRW 56 billion in third taxi driver support scheme
Announced: 16 Mar 2021
Republic of Korea: Government extends and increases tax concession to commercial landlords with tenants running 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: 22 Sep 2020
Republic of Korea: Fourth supplementary budget announced; including $3.4bn of commercial support
Announced: 03 Jul 2020
Republic of Korea: Government releases 2020 third supplementary budget as a result of COVID-19
Announced: 08 Apr 2020
Republic of Korea: MOEF holds fourth emergency meeting on COVID-19 support measures
Announced: 05 Apr 2020
Republic of Korea: National Eximbank announces extra $162m of COVID-19 support funding for SMEs
Announced: 28 Feb 2020
Republic of Korea: Eximbank announces removal of interest rate on $823m of loans to SMEs to combat COVID-19
Announced: 03 Feb 2020
Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs
Removed: 30 Jun 2021
Republic of Korea: Government provides tax incentive to commercial landlords with tenants running SMEs as a result of COVID-19
Announced: 01 Jan 2020
Republic of Korea: Government invests over KRW 1 trillion in Management Stabilization Fund for SMEs
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