Global Trade Alert
Global Trade Alert

Republic of Korea: Financial Services Commission announces KRW 41.2 trillion relief package to support recovery of small businesses

Announcement

25 Jul 2022

On 25 July 2022, the Korean Financial Services Commission announced a KRW 41.2 trillion scheme to support self-employed business owners and small merchants affected by the Covid-19 pandemic. 

 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Jul 2022

Revocation date:

No revocation date

Updated: 25 Jul 2022
Loan guarantee In force

On 25 July 2022, the Korean Financial Services Commission announced the allocation of KRW 15.2 trillion (approx. USD 11.6 billion) in loan guarantees to support self-employed business owners and sm...

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Updated: 25 Jul 2022
State loan In force

On 25 July 2022, the Korean Financial Services Commission announced the allocation of KRW 26 trillion (approx. USD 19.8 billion) in loans to support self-employed business owners and smal...

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