Global Trade Alert
Global Trade Alert

Republic of Korea: Introduction of KRW 23 trillion Small Business Loss Compensation program

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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1

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Implementation date

30 May 2022

Revocation date:

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Updated: 30 May 2022
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<p>On 30 May, the Korean&nbsp;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 i...
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