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
End prolongation: 30 Sep 2025
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 their ...
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Related State Acts
Announced: 03 Jul 2024
Republic of Korea: Announcement of comprehensive measures for small business owners and the self-employed, including budget increase of New Start Fund
Announced: 11 Aug 2022
Republic of Korea: Financial Services Commission announces KRW 8.5 trillion Small Business Loan Refinancing Program
Announced: 25 Jul 2022
Republic of Korea: Financial Services Commission announces KRW 41.2 trillion relief package to support recovery of small businesses
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