Global Trade Alert
Global Trade Alert

Republic of Korea: First 2022 supplementary budget worth KRW 16.9 trillion passes at National Assembly

Announcement

21 Feb 2022

On 21 February 2022, the Korean National Assembly passed the first 2022 supplementary budget of KRW 16.9 trillion. The supplementary budget is mainly designed to support businesses affected by pandemic-related restrictions.

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Number of interventions

2

0 certainly harmful

2 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

No implementation date

Revocation date:

No revocation date

Financial grant

On 21 February 2022, the Korean National Assembly passed the first 2022 supplementary budget, in which they allocated KRW 2.8 trillion (USD 2.3 billion) to the Compensation for Losses program, a finan...

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Financial grant

On 21 February 2022, the Korean National Assembly passed the first 2022 supplementary budget, in which they allocated KRW 10 trillion (USD 8.3 billion) to the 2nd quarantine support subsidy, a financi...

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