Announcement
25 Mar 2021
On March 25th, 2021, the South Korean Government passed the first 2021 supplementary budget.
Source
Number of interventions
5
5 certainly harmful
0 likely harmful
0 liberalising
Implementation date
05 Apr 2021
Revocation date:
30 Jun 2021
Implementation date
31 Mar 2021
Revocation date:
30 Jun 2021
Implementation date
31 Mar 2021
Revocation date:
30 Jul 2021
03 Mar 2022
Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021
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
24 Nov 2021
Republic of Korea: Government allocates KRW 1.7 trillion to loan schemes targeting SMEs
27 Oct 2021
Republic of Korea: Government allocates KRW 2 trillion to SMEs through Compensation for Losses financial grant scheme
17 Aug 2021
Republic of Korea: Government launches KRW 4.2 trillion Hope Recovery Fund
04 Aug 2021
Republic of Korea: Ministry of SMEs and Startups launches KRW 1 trillion loan guarantee scheme
30 Jul 2021
Republic of Korea: Government allocates KRW 3.8 trillion to rent relief loan program
30 Jul 2021
Republic of Korea: Government increases loan scheme to SMEs by KRW 200 billion
24 Jul 2021
Republic of Korea: Second 2021 supplementary budget worth KRW 34.9 trillion passes at National Assembly
02 Apr 2021
Republic of Korea: Government invests KRW 56 billion in third taxi driver support scheme
16 Mar 2021
Republic of Korea: Government extends and increases tax concession to commercial landlords with tenants running SMEs
02 Mar 2021
Republic of Korea: Government creates Support Fund Plus
01 Feb 2021
Republic of Korea: Government allocates KRW 12.8 trillion to SME loan scheme
22 Sep 2020
Republic of Korea: Fourth supplementary budget announced; including $3.4bn of commercial support
03 Jul 2020
Republic of Korea: Government releases 2020 third supplementary budget as a result of COVID-19
08 Apr 2020
Republic of Korea: MOEF holds fourth emergency meeting on COVID-19 support measures
05 Apr 2020
Republic of Korea: National Eximbank announces extra $162m of COVID-19 support funding for SMEs
28 Feb 2020
Republic of Korea: Eximbank announces removal of interest rate on $823m of loans to SMEs to combat COVID-19
03 Feb 2020
Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs
01 Jan 2020
Republic of Korea: Government invests over KRW 1 trillion in Management Stabilization Fund for SMEs
01 Jan 2020
Republic of Korea: Government provides tax incentive to commercial landlords with tenants running SMEs as a result of COVID-19
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