Global Trade Alert
Global Trade Alert

Republic of Korea: Financial Services Commission announces KRW 30 trillion New Start Fund

Announcement

29 Aug 2022

On 29 August, the Korean Financial Services Commission announced a KRW 30 trillion New Start Fund to support self-employed business owners and small merchants to ease their debt payment burdens following 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

04 Oct 2022

Revocation date:

02 Jul 2024

Updated: 29 Aug 2022
Interest payment subsidy

On 29 August, the Korean Financial Services Commission announced a KRW 30 trillion (approx. USD 22.2 billion) New Start Fund to support self-employed business owners and small merchants to ease the...

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