Global Trade Alert
Global Trade Alert

Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021

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

0 in force

Implementation date

03 Mar 2022

Revocation date:

No revocation date

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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