Global Trade Alert
Global Trade Alert

Republic of Korea: Government releases 2020 third supplementary budget as a result of COVID-19

Announcement

03 Jul 2020

On 3 July 2020, the Korean National Assembly confirmed the third 2020 supplementary budget of KRW 35.1 trillion.

Source

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Number of interventions

13

0 certainly harmful

13 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Updated: 03 Jul 2020
State aid, unspecified
<p>On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they&nbsp;allocated USD 266 million in financial support for Korean small and medium-sized...
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Updated: 03 Jul 2020
State aid, unspecified
<p>On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they&nbsp;allocated USD 550 million in financial support for Korean small and medium-sized...
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Updated: 03 Jul 2020
State aid, unspecified
<p>On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they&nbsp;allocated KRW 1 trillion (USD 833 million) in financial support for&nbsp;the...
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Updated: 03 Jul 2020
In-kind grant
<p>On 3 July 2020, the&nbsp;Korean National Assembly passed its third supplementary budget in which they allocated KRW 50 billion (USD 41.7 million) to projects related to the energy grid.&l...
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Updated: 03 Jul 2020
Loan guarantee
<p>On 3 July 2020,&nbsp;the Korean National Assembly passed its third supplementary budget in which they allocated KRW 20 billion (USD 16.7 million) to loan guarantees for&nbsp;renewable...
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Updated: 03 Jul 2020
State loan
<p>On 3 July 2020,&nbsp;the Korean National Assembly passed its third supplementary budget in which they allocated KRW 236.5 billion (USD&nbsp;197 million) to loans for all businesses.&l...
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Updated: 03 Jul 2020
State aid, unspecified
<p>On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they&nbsp;allocated KRW 700 billion (USD 584 million) in financial support for the "D...
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Updated: 03 Jul 2020
State aid, unspecified
<p>On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they&nbsp;allocated USD 333 million&nbsp;in financial support for Korean small and med...
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Updated: 03 Jul 2020
Other export incentive
<p>On 3 July 2020, the Korean&nbsp;National Assembly passed&nbsp;its third supplementary budget in which they allocated KRW 400 billion (USD 333 million) to&nbsp;Korean U-Turn compan...
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Updated: 03 Jul 2020
Localisation, nes

On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they allocated KRW 168.4 billion (USD 140 million) for consumer coupons only to be used at busi...

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Updated: 03 Jul 2020
Loan guarantee
<p>On 3 July 2020, the&nbsp;Korean National Assembly passed its third supplementary budget in which they allocated KRW 600 billion (USD 500 million) to loan guarantees for small and medium-s...
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Updated: 03 Jul 2020
State loan
<p>On 3 July 2020,&nbsp;the Korean National Assembly passed its third supplementary budget in which they allocated KRW 1.9 trillion (USD 1.6 billion) to&nbsp;support small and medium-siz...
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Updated: 03 Jul 2020
Loan guarantee
<p>On 3 July 2020, the&nbsp;Korean National Assembly passed its third supplementary budget in which they allocated KRW 1.9 trillion (USD 1.6 billion) to support small and medium-sized busine...
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