Announcement
17 Aug 2021
In August 2021, the Republic of Korea launched the Hope Recovery Fund, providing financial grants to Korean SMEs as part of the second 2021 supplementary budget.
Source
Sign in to access
Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
17 Aug 2021
Revocation date:
No revocation date
Announced: 17 Aug 2021
Financial grant
In force
On 17 August 2021, the Republic of Korea launched the Hope Recovery Fund, a KRW 4.2 trillion (USD 3.6 billion) financial grant scheme targeting Korean small and medium-sized businesses from all econom...
Sign in to see more
Related State Acts
Announced: 03 Mar 2022
Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021
Announced: 23 Feb 2022
Republic of Korea: Government implements KRW 10 trillion Second Quarantine Subsidy
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: 27 Oct 2021
Republic of Korea: Government allocates KRW 2 trillion to SMEs through Compensation for Losses financial grant scheme
Announced: 01 Oct 2021
Republic of Korea: Government invests KRW 700 billion for Win-Win National Support 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: 02 Mar 2021
Republic of Korea: Government creates Support Fund Plus
Announced: 11 Sep 2020
Republic of Korea: Government creates New Hope 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