Global Trade Alert
Global Trade Alert

Republic of Korea: First 2021 supplementary budget worth KRW 14.9 trillion passes at National Assembly

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

Updated: 25 Mar 2021
Financial grant
<p>On March 25th, 2021, the South Korean Ministry of Economy and Finance (MOEF) confirmed that&nbsp;the National Assembly approved KRW&nbsp;182.3 billion (USD 160.4 million) in funding f...
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Implementation date

31 Mar 2021

Revocation date:

30 Jun 2021

Updated: 25 Mar 2021
Loan guarantee
<p>On March 25th, 2021, the&nbsp;South Korean Ministry of Economy and Finance (MOEF) confirmed that KRW&nbsp;125 billion (USD 110 million) in loan guarantees will be provided to small an...
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Updated: 25 Mar 2021
Loan guarantee
<p>On March 25th, 2021, the&nbsp;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 ...
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Updated: 25 Mar 2021
Production subsidy
<p>On March 25th, 2021, the Ministry of Economy and Finance (MOEF) confirmed that&nbsp;the National Assembly passed a production subsidy, valued at KRW 220.2 billion (USD 193.7 million), for...
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Implementation date

31 Mar 2021

Revocation date:

30 Jul 2021

Updated: 25 Mar 2021
State loan
<p>On March 25th, 2021, the South Korean Ministry of Economy and Finance (MOEF) confirmed that&nbsp;KRW 900 billion (USD 798.6 million) in emergency damage support was provided to small and ...
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