Global Trade Alert
Global Trade Alert

Republic of Korea: Government invests KRW 4.5 trillion in loan scheme targeting SMEs

Announcement

03 Feb 2020

On 3 February 2021, the South Korean Financial Services Commission allocated 4.5 trillion to a loan scheme targeting Korean small and medium businesses. 

Source

Sign in to access

Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 Feb 2020

Revocation date:

No revocation date

Announced: 03 Feb 2020
State loan In force
On 3 February 2020, the South Korean Financial Services Commission announced the allocation of KRW 4.5 trillion (USD 3.8 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: 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

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: 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: 25 Mar 2020

Republic of Korea: Korea Eximbank announces $1.6bn in support for firms with reduced export income from COVID-19

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: 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

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

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