Announcement
29 May 2022
On 29 May 2022, the second 2022 supplementary budget of KRW 62 trillion passed at the Korean National Assembly. The supplementary budget is mainly designed to support businesses affected by pandemic-related restrictions.
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Number of interventions
6
0 certainly harmful
6 likely harmful
0 liberalising
List of interventions
0 in force
Implementation date
No implementation date
Revocation date:
No revocation date
Financial grant
On 29 May 2022, the Korean National Assembly passed the 2022 second supplementary budget, in which KRW 23 trillion (approx. USD 18.4 billion) was allocated to the Small Business Compensation for Losse...
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Financial grant
On 29 May 2022, the Korean National Assembly passed the 2022 second supplementary budget, in which KRW 1.6 trillion (approx. USD 1.3 billion) was allocated to increase the budget of the previously lau...
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State loan
On 29 May 2022, the Korean National Assembly passed the 2022 second supplementary budget, in which KRW 1.8 trillion (approx. USD 1.4 billion) was allocated to a Debt Adjustment Program for self-employ...
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Loan guarantee
On 29 May 2022, the Korean National Assembly passed the 2022 second supplementary budget, in which KRW 1.8 trillion (approx. USD 1.4 billion) was allocated to a Debt Adjustment Program for self-employ...
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State aid, unspecified
On 29 May 2022, the Korean National Assembly passed the 2022 second supplementary budget, in which KRW 500 billion (approx. USD 399 million) was reserved for corporate taxi, charter bus, and other non...
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Production subsidy
On 29 May 2022, the Korean National Assembly passed the 2022 second supplementary budget, in which KRW 1.145 trillion (approx. USD 914 million) was allocated to increase the budget of the special feed...
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Related State Acts
21 Feb 2022
Republic of Korea: First 2022 supplementary budget worth KRW 16.9 trillion passes at National Assembly
03 Jun 2022
Republic of Korea: Government implements KRW 3.5 trillion Compensation for Losses scheme for the first quarter of 2022
30 May 2022
Republic of Korea: Introduction of KRW 23 trillion Small Business Loss Compensation program
30 May 2022
Republic of Korea: Government announces KRW 1.5 trillion Special Feed Purchase Fund to support Korean livestock farms
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