Global Trade Alert
Global Trade Alert

Republic of Korea (Busan): Metropolitan government provides state aid to support SMEs during Lunar New Year holiday period

Announcement

17 Jan 2023

In January 2023, the Busan Metropolitan City government announced providing a total of KRW 1.8 trillion in state aid to support SMEs in Busan during the Lunar New Year holiday period.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

3 in force

Implementation date

17 Jan 2023

Revocation date:

No revocation date

State loan In force

On 17 January 2023, the Busan Metropolitan City government announced providing KRW 500 billion (USD 403.6 million) in loans to support SMEs in Busan during the Lunar New Year holiday period. More spec...

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State loan In force

On 17 January 2023, the Busan Metropolitan City government announced providing KRW 600 billion (USD 484.2 million) in loans to support small businesses in Busan during the Lunar New Year holiday perio...

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Loan guarantee In force

On 17 January 2023, the Busan Metropolitan City government announced providing KRW 200 billion (USD 161.4 million) in loan guarantees to support small businesses in Busan during the Lunar New Year hol...

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