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
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 bud...
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Updated: 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 ...
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Updated: 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 Progr...
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Updated: 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 Progr...
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Updated: 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 ...
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Updated: 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 Comp...
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