Announcement
30 Jul 2021
On 30 July 2021, the South Korean Ministry of Economy and Finance allocated KRW 3.8 trillion toward a 'rent fee relief' loan scheme targeting Korean small and medium-size businesses.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
02 Aug 2021
Revocation date:
No revocation date
Announced: 30 Jul 2021
State loan
In force
On 30 July 2021, the South Korean Ministry of Economy and Finance (MOEF) announced a loan scheme worth KRW 3.8 trillion (USD 3.3 billion) that targets Korean small and medium-sized businesses. The loa...
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Related State Acts
Announced: 24 Nov 2021
Republic of Korea: Government allocates KRW 1.7 trillion to loan schemes targeting SMEs
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
Removed: 30 Jun 2021
Republic of Korea: First 2021 supplementary budget worth KRW 14.9 trillion passes at National Assembly
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: 22 Apr 2020
Republic of Korea: MOEF holds fifth 'Crisis Management Policy' meeting - support measures targeting 'basic industries' announced
Announced: 01 Apr 2020
Republic of Korea: MOEF holds third 'Crisis Management Policy' meeting, announcing increased targeted government support
Announced: 19 Mar 2020
Republic of Korea: $42.1bn COVID-19 'Financial Support Package' announced by several ministries
Announced: 19 Mar 2020
Republic of Korea: Government announces emergency financial support package of $40bn
Announced: 17 Feb 2020
Republic of Korea: Introduction of financial support for certain firms following COVID-19 outbreak
Announced: 12 Feb 2020
Republic of Korea: MOEF announces more support measures for domestic firms to guard against COVID-19
Announced: 07 Feb 2020
Republic of Korea: MOEF announces provision of $1.6bn in preferential loans to help struggling SMEs
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Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs
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