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
Implementation date
No implementation date
Revocation date:
No revocation date
Announced: 21 Feb 2022
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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Announced: 21 Feb 2022
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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Related State Acts
Announced: 29 May 2022
Republic of Korea: Second 2022 supplementary budget worth KRW 62 trillion passes at National Assembly
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
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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