Announcement
27 Oct 2021
On 27 October 2021, the Republic of Korea launched a KRW 2 trillion Compensation for Losses financial grant scheme for SMEs as part of the second 2021 supplementary budget.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
27 Oct 2021
Revocation date:
No revocation date
Announced: 27 Oct 2021
Financial grant
In force
On 27 October 2021, the Republic of Korea launched the KRW 2 trillion (USD 1.7 billion) Compensation for Losses program, a financial grant scheme that supports Korean small and medium-sized businesses...
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Related State Acts
Announced: 03 Jun 2022
Republic of Korea: Government implements KRW 3.5 trillion Compensation for Losses scheme for the first quarter of 2022
Announced: 03 Mar 2022
Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021
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: 29 Nov 2021
Republic of Korea: Ministry for SMEs and Startups invests KRW 2 trillion in loan scheme targeting SMEs
Announced: 01 Oct 2021
Republic of Korea: Government invests KRW 700 billion for Win-Win National Support Fund
Announced: 17 Aug 2021
Republic of Korea: Government launches KRW 4.2 trillion Hope Recovery Fund
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: 22 Sep 2020
Republic of Korea: Fourth supplementary budget announced; including $3.4bn of commercial support
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