Announcement
30 May 2022
On 30 May, the Korean Ministry of SMEs and Startups launched the KRW 23 trillion Small Business Loss Compensation program designed to support small business owners and SMEs affected by COVID-19-related business restrictions.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
30 May 2022
Revocation date:
No revocation date
Announced: 30 May 2022
Financial grant
In force
On 30 May, the Korean Ministry of SMEs and Startups launched a new Small Business Loss Compensation program with a budget of KRW 23 trillion (approx. USD 18.6 billion). The program is designed to prov...
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