Global Trade Alert
Global Trade Alert

Republic of Korea: Government provides more than KRW 5.2 trillion in support for SMEs in first Small Business Quarantine Subsidy scheme

Announcement

27 Dec 2021

On 27 December 2021, the Ministry for SMEs and Startups allocated more than KRW 5.2 million to subsidy schemes to support small and medium-sized businesses.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

27 Dec 2021

Revocation date:

No revocation date

Financial grant

On 27 December 2021, the Korean Ministry for SMEs and Startups invested KRW 3.2 trillion (USD 2.7 billion) in the “Small Business Quarantine Subsidy” scheme, a financial grant scheme targeting small a...

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State loan In force

On 27 December 2021, the Korean Ministry for SMEs and Startups invested KRW 2 trillion (USD 1.7 billion) in a loan scheme for small and medium-sized businesses not eligible for the “Small Business Qua...

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Financial grant

On 27 December 2021, the Korean Ministry for SMEs and Startups invested KRW 3.2 trillion (USD 2.7 billion) in the “Small Business Quarantine Subsidy” scheme, a financial grant scheme targeting small a...

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