Announcement
03 Jun 2022
In June 2022, the Korean Ministry of SMEs and Startups implemented a KRW 3.5 trillion Compensation for Losses scheme, which supports Korean small and medium-sized businesses that experienced financial losses during the first quarter of 2022.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
30 Jun 2022
Revocation date:
No revocation date
Announced: 03 Jun 2022
Financial grant
In force
On 3 June 2022, the Republic of Korea announced the launch of the KRW 3.5 trillion (USD 2.8 billion) Compensation for Losses program for the first quarter of 2022, a financial grant scheme that suppor...
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Related State Acts
Announced: 29 May 2022
Republic of Korea: Second 2022 supplementary budget worth KRW 62 trillion passes at National Assembly
Announced: 03 Mar 2022
Republic of Korea: Government implements KRW 2.2 trillion Compensation for Losses scheme for the fourth quarter of 2021
Announced: 27 Oct 2021
Republic of Korea: Government allocates KRW 2 trillion to SMEs through Compensation for Losses financial grant scheme
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