Global Trade Alert
Global Trade Alert

Republic of Korea: Government allocates KRW 12.8 trillion to SME loan scheme

Announcement

01 Feb 2021

On 1 February 2021, the South Korean Financial Services Commission announced a KRW 12.8 trillion "investment" in a loan scheme targeting small and medium-sized businesses. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

01 Feb 2021

Revocation date:

No revocation date

State loan

On 1 February 2021, the South Korean Financial Services Commission announced the allocation of KRW 9.3 trillion (USD 8.3 billion) toward a loan scheme that targets small and medium-sized enterprises. ...

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Loan guarantee

On 1 February 2021, the South Korean Financial Services Commission announced loan guarantee funding for small and medium-sized businesses worth KRW 3.5 trillion (USD 3.1 billion). The temporary guaran...

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