Global Trade Alert
Global Trade Alert

Republic of Korea: Financial Services Commission announces KRW 8.5 trillion Small Business Loan Refinancing Program

Announcement

11 Aug 2022

On 11 August 2022, the Financial Services Commission announced the allocation of KRW 8.5 trillion under the Small Business Loan Refinancing Program, designed to support self-employed business owners and small merchants affected by the COVID-19 pandemic.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Aug 2022

Revocation date:

31 Dec 2023

Updated: 11 Aug 2022
State loan

On 11 August 2022, the Financial Services Commission announced the allocation of KRW 8.5 trillion (approx. USD 6.5 billion) in loans under the Small Business Loan Refinancing Program. The...

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