Global Trade Alert
Global Trade Alert

Republic of Korea: Introduction of KRW 1 trillion Special Guarantee to support business reopenings after closure

Announcement

27 Jul 2022

In July 2022, the Korean Ministry of SMEs and Startups announced the launch of a KRW 1 trillion special guarantee scheme to support the recovery and re-establishment of small businesses affected by the COVID-19 pandemic.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Jul 2022

Revocation date:

No revocation date

Updated: 27 Jul 2022
Loan guarantee In force
On 27 July 2022, the Korean Ministry of SMEs and Startups announced the launch of a KRW 1 trillion (USD 761 million) special guarantee scheme to support the recovery and re-establishment of small busi...
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