Global Trade Alert
Global Trade Alert

Republic of Korea: Korean Financial Services Commission announces KRW 2 trillion in support for SMEs affected by Ukraine conflict

Announcement

04 Mar 2022

On 4 March 2022, the Korean Financial Services Commission announced KRW 2 trillion in support for small and medium-sized businesses affected by the conflict in Ukraine. 

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

4 in force

Implementation date

04 Mar 2022

Revocation date:

No revocation date

State loan In force

On 4 March 2022, the Korean Development Bank, a state-run bank, allocated KRW 600 billion (USD 491 million) to small and medium-sized businesses through a state loan scheme entitled the "Small and Med...

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State loan In force

On 4 March 2022, the Korean Development Bank, a state-run bank, allocated KRW 200 billion (USD 163 million) to small and medium-sized businesses through a state loan scheme entitled the "Korea Special...

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State loan In force

On 4 March 2022, the Industrial Bank of Korea, a state-run bank, allocated KRW 700 billion (USD 573 million) to small and medium-sized businesses through a state loan scheme entitled the "Liquidity Su...

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Trade finance In force

On 4 March 2022, the Export-Import Bank of Korea, a state-run entity, allocated KRW 500 billion (USD 410 million) to small and medium-sized businesses through a state loan scheme entitled the "Ukraine...

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