Announcement
25 Sep 2023
In September 2023, 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
25 Sep 2023
Revocation date:
15 Oct 2023
Updated: 25 Sep 2023
State loan
On 25 September 2023, the Korean Financial Services Commission announced that the Korea Development Bank (KDB), the state-owned development bank, will provide KRW 2.3 trillion (approx. USD 1.7 bill...
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Updated: 25 Sep 2023
Loan guarantee
On 25 September 2023, the Korean Financial Services Commission announced that the Korea Credit Guarantee Fund (KODIT) will provide KRW 1.8 trillion (approx. USD 1.4 billion) in new loan guarantees ...
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Updated: 25 Sep 2023
State loan
On 25 September 2023, 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 billion) in new loans ...
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Related State Acts
10 Sep 2024
Republic of Korea: Government announces state aid to support SMEs ahead of 2024 Chuseok holidays
24 Aug 2023
Republic of Korea: Changes to temporary import tariff-rate quotas (August 2023)
05 Sep 2022
Republic of Korea: Government announces state aid to support SMEs ahead of 2022 Chuseok holidays
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