Announcement
03 Mar 2021
On 3 March 2021, the South Korean Ministry of Economy and Finance announced various support measures as a result of COVID-19.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
03 Mar 2021
Revocation date:
No revocation date
Updated: 03 Mar 2021
Loan guarantee
In force
<p>On 3 March 2021, the Ministry for SMEs and Startups allocated KRW 2 trillion (USD 1.7 billion) in loan guarantees for Korean small and medium-sized businesses to help them digitalize their op...
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Implementation date
31 Dec 2020
Revocation date:
30 Jun 2021
Updated: 03 Mar 2021
Tax or social insurance relief
<p>In December 2020, the South Korean Ministery of Land, Infrastructure, and Transportation announced that KRW 45.7 billion (USD 38.5 million) would be reserved toward an existing scheme which s...
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Related State Acts
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22 Sep 2020
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09 Apr 2020
Republic of Korea: MOEF announces more measures to help businesses overcome COVID-19 fallout
19 Mar 2020
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18 Mar 2020
Republic of Korea: MOEF holds first 'Crisis Management Policy' meeting, announces several support measures
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