Announcement
03 Mar 2022
On 3 March 2022, the Korean Ministry of SMEs and Startups implemented the KRW 2.2 trillion Compensation for Losses scheme, which supports Korean small and medium-sized businesses that experienced financial losses during the fourth quarter of 2021.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
03 Mar 2022
Revocation date:
28 Mar 2022
Announced: 03 Mar 2022
Financial grant
On 3 March 2022, the Republic of Korea launched the KRW 2.2 trillion (USD 2 billion) Compensation for Losses program, a financial grant scheme that supports Korean small and medium-sized businesses. T...
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Related State Acts
Announced: 03 Jun 2022
Republic of Korea: Government implements KRW 3.5 trillion Compensation for Losses scheme for the first quarter of 2022
Announced: 23 Feb 2022
Republic of Korea: Government implements KRW 10 trillion Second Quarantine Subsidy
Announced: 21 Feb 2022
Republic of Korea: First 2022 supplementary budget worth KRW 16.9 trillion passes at National Assembly
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: 17 Aug 2021
Republic of Korea: Government launches KRW 4.2 trillion Hope Recovery Fund
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: 30 Dec 2020
Republic of Korea: Government creates Small Businesses Support scheme
Announced: 11 Sep 2020
Republic of Korea: Government creates New Hope Fund for SMEs
Announced: 20 Jul 2020
Republic of Korea: Government allocates KRW 438 billion in Smart Korea Fund
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