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
Implementation date
No implementation date
Revocation date:
No revocation date
Updated: 29 May 2022
Production subsidy
<p>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 allocat...
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Updated: 29 May 2022
State aid, unspecified
<p>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 corpor...
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Updated: 29 May 2022
Loan guarantee
<p>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 Deb...
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Updated: 29 May 2022
State loan
<p>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 Deb...
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Updated: 29 May 2022
Financial grant
<p>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 b...
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Updated: 29 May 2022
Financial grant
<p>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 S...
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