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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Related State Acts
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
23 Feb 2022
Republic of Korea: Government implements KRW 10 trillion Second Quarantine Subsidy
03 Mar 2022
Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021
29 May 2022
Republic of Korea: Second 2022 supplementary budget worth KRW 62 trillion passes at National Assembly
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