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
Sign in to access
Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Feb 2021
Revocation date:
26 Feb 2021
Announced: 01 Feb 2021
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...
Sign in to see more
Announced: 01 Feb 2021
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. ...
Sign in to see more
Related State Acts
Announced: 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
Announced: 24 Nov 2021
Republic of Korea: Government allocates KRW 1.7 trillion to loan schemes targeting SMEs
Announced: 28 Sep 2021
Republic of Korea: Korea Credit Guarantee Fund (KODIT) allocates KRW 1 trillion in loan guarantees to SMEs
Announced: 04 Aug 2021
Republic of Korea: Ministry of SMEs and Startups launches KRW 1 trillion loan guarantee scheme
Announced: 30 Jul 2021
Republic of Korea: Government allocates KRW 3.8 trillion to rent relief loan program
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
Announced: 29 Mar 2021
Republic of Korea: Korea Credit Guarantee Fund (KODIT) allocates KRW 1 trillion in loan guarantees to certain exporters
Removed: 30 Jun 2021
Republic of Korea: First 2021 supplementary budget worth KRW 14.9 trillion passes at National Assembly
Announced: 03 Mar 2021
Republic of Korea: Government funding initiatives announced in the 31st Meeting of Central Economic Response Headquarters
Announced: 30 Dec 2020
Republic of Korea: Government creates Small Businesses Support 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: 05 Apr 2020
Republic of Korea: National Eximbank announces extra $162m of COVID-19 support funding for SMEs
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: 28 Feb 2020
Republic of Korea: Eximbank announces removal of interest rate on $823m of loans to SMEs to combat COVID-19
Announced: 03 Feb 2020
Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs
Announced: 01 Jan 2020
Republic of Korea: Government invests over KRW 1 trillion in Management Stabilization Fund for SMEs
Announced: 14 Aug 2019
Republic of Korea: Korea Credit Guarantee Fund (KODIT) allocates KRW 800 billion in loan guarantees to SMEs
Threads
See all
Harmful Trade Policy Measures
This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.
Published: 04 Sep 2024
70627
interventions
194
jurisdictions
G20: Harmful Trade Policy Interventions
This Thread tracks harmful trade policy interventions introduced by G20 members since 2009. It covers all types of interventions monitored by Global Trade Alert.
Published: 15 Jan 2025
53959
interventions
121
jurisdictions