Announcement
03 Jul 2020
On 3 July 2020, the Korean National Assembly confirmed the third 2020 supplementary budget of KRW 35.1 trillion.
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Number of interventions
13
0 certainly harmful
13 likely harmful
0 liberalising
List of interventions
0 in force
Implementation date
No implementation date
Revocation date:
No revocation date
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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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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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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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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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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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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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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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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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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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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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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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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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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Republic of Korea: Second 2021 supplementary budget worth KRW 34.9 trillion passes at National Assembly
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