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
Announced: 29 May 2022
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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Announced: 29 May 2022
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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Announced: 29 May 2022
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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Announced: 29 May 2022
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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Announced: 29 May 2022
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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Announced: 29 May 2022
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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Related State Acts
Announced: 03 Jun 2022
Republic of Korea: Government implements KRW 3.5 trillion Compensation for Losses scheme for the first quarter of 2022
Announced: 30 May 2022
Republic of Korea: Introduction of KRW 23 trillion Small Business Loss Compensation program
Announced: 30 May 2022
Republic of Korea: Government announces KRW 1.5 trillion Special Feed Purchase Fund to support Korean livestock farms
Announced: 21 Feb 2022
Republic of Korea: First 2022 supplementary budget worth KRW 16.9 trillion passes at National Assembly
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Harmful Trade Policy Measures
This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.
Published: 04 Sep 2024
70627
interventions
194
jurisdictions