Global Trade Alert
Global Trade Alert

Republic of Korea: Government announces state aid to support SMEs ahead of 2022 Chuseok holidays

Announcement

05 Sep 2022

In September 2022, the Korean Financial Services Commission announced various state aid measures to support SMEs during the mid-autumn Chuseok holidays.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

05 Sep 2022

Revocation date:

27 Sep 2022

Updated: 05 Sep 2022
Loan guarantee

On 5 September 2022, the Korean Financial Services Commission announced that the Korea Credit Guarantee Fund (KODIT) will provide KRW 1.8 trillion (approx. USD 1.3 billion) in new loan gu...

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Updated: 05 Sep 2022
State loan

On 5 September 2022, the Korean Financial Services Commission announced that the Korea Development Bank (KDB), the state-owned development bank, will provide KRW 2.1 trillion (approx. USD...

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Updated: 05 Sep 2022
State loan

On 5 September 2022, the Korean Financial Services Commission announced that the Industrial Bank of Korea, a state-owned bank, will provide KRW 3.5 trillion (approx. USD 2.6 bil...

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