Global Trade Alert
Global Trade Alert

Republic of Korea (Seoul): Metropolitan Government supplies KRW 1.6 trillion in loans to SMEs

Announcement

18 Jan 2023

In January 2023, the Seoul Metropolitan Government announced providing a total of KRW 1.6 trillion in loans to support SMEs affected by the "threefold pressure" of high prices, high exchange rates, and high interest rates.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

19 Jan 2023

Revocation date:

No revocation date

State loan In force

On 18 January 2023, the Seoul Metropolitan Government announced providing KRW 900 billion (USD 729.5 million) in loans to SMEs under the "SME Development Fund". Companies can apply for support beginni...

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State loan In force

On 18 January 2023, the Seoul Metropolitan Government announced providing KRW 700 billion (USD 567.4 million) in loans to SMEs under the "Safe Interest Rate Fund". Companies can apply for support begi...

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