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
Announced: 03 Jul 2020
State aid, unspecified
On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they allocated USD 266 million in financial support for Korean small and medium-sized businesses compan...
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Announced: 03 Jul 2020
State aid, unspecified
On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they allocated USD 550 million in financial support for Korean small and medium-sized businesses implem...
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Announced: 03 Jul 2020
State aid, unspecified
On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they allocated KRW 1 trillion (USD 833 million) in financial support for the Smart Korea Fund. It is un...
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Announced: 03 Jul 2020
In-kind grant
On 3 July 2020, the 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.
More specifically, ...
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Announced: 03 Jul 2020
Loan guarantee
On 3 July 2020, the Korean National Assembly passed its third supplementary budget in which they allocated KRW 20 billion (USD 16.7 million) to loan guarantees for renewable energy projects as part of...
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Announced: 03 Jul 2020
State loan
On 3 July 2020, the Korean National Assembly passed its third supplementary budget in which they allocated KRW 236.5 billion (USD 197 million) to loans for all businesses.
In this context, USD 166 mil...
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Announced: 03 Jul 2020
State aid, unspecified
On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they allocated KRW 700 billion (USD 584 million) in financial support for the "Digital New Deal" catego...
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Announced: 03 Jul 2020
State aid, unspecified
On 3 July 2020, the Korean National Assembly passed the 2020 third supplementary budget in which they allocated USD 333 million in financial support for Korean small and medium-sized businesses with "...
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Announced: 03 Jul 2020
Other export incentive
On 3 July 2020, the Korean National Assembly passed its third supplementary budget in which they allocated KRW 400 billion (USD 333 million) to Korean U-Turn companies (Korean businesses that once ope...
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Announced: 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 businesses s...
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Announced: 03 Jul 2020
Loan guarantee
On 3 July 2020, the 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-sized businesses wi...
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Announced: 03 Jul 2020
State loan
On 3 July 2020, the 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 businesses affected by t...
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Announced: 03 Jul 2020
Loan guarantee
On 3 July 2020, the 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 businesses affected by t...
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Related State Acts
Announced: 28 Feb 2022
Republic of Korea: Government imposes sanctions package on Russia in response to the Ukrainian crisis
Announced: 24 Jul 2021
Republic of Korea: Second 2021 supplementary budget worth KRW 34.9 trillion passes at National Assembly
Removed: 30 Jun 2021
Republic of Korea: First 2021 supplementary budget worth KRW 14.9 trillion passes at National Assembly
Announced: 22 Sep 2020
Republic of Korea: Fourth supplementary budget announced; including $3.4bn of commercial support
Announced: 20 Jul 2020
Republic of Korea: Government allocates KRW 438 billion in Smart Korea Fund
Announced: 10 Mar 2020
Republic of Korea: Revised U-Turn Act expands benefits category to include information, software, and knowledge services
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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
70619
interventions
194
jurisdictions