Global Trade Alert
Global Trade Alert

Republic of Korea: Second 2021 supplementary budget worth KRW 34.9 trillion passes at National Assembly

Announcement

24 Jul 2021

On 24 July 2021, the National Assembly passed the 2021 second supplementary budget worth KRW 34.9 trillion.

Source

Sign in to access

Number of interventions

6

0 certainly harmful

6 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

24 Jul 2021

Revocation date:

No revocation date

Local content incentive In force

On 24 July 2021, the Korean National Assembly passed the 2021 second supplementary budget, in which they increased the Win-Win Discount on Fisheries Products Plan by KRW 20 billion (USD 17 billion), m...

Sign in to see more
State aid, unspecified In force

On 24 July 2021, the Korean National Assembly passed the 2021 second supplementary budget, in which KRW 137 billion (USD 119 million) was reserved for corporate taxi, charter bus, and other non-public...

Sign in to see more

Implementation date

No implementation date

Revocation date:

No revocation date

Financial grant

On 24 July 2021, the Korean National Assembly passed the 2021 second supplementary budget, in which KRW 4.2 trillion (USD 3.6 billion) was allocated to the Hope Recovery Fund, a financial grant scheme...

Sign in to see more
Localisation, nes

On 24 July 2021, the Korean National Assembly passed the 2021 second supplementary budget, in which they also passed a KRW 700 billion (USD 594 million) Win-Win National Support Fund scheme. In this c...

Sign in to see more
State loan

On 24 July 2021, the Korean National Assembly passed the 2021 second supplementary budget, in which KRW 6 trillion (USD  billion) was allocated to a loan scheme that targets Korean small and medium bu...

Sign in to see more
Financial grant

On 24 July 2021, the Korean National Assembly passed the 2021 second supplementary budget, in which more than KRW 1 trillion (USD 875 million) was allocated toward recompensating small and medium busi...

Sign in to see more

Threads

See all

This state act is not part of any Thread yet.