Announcement
05 Feb 2024
In February 2024, the Korean Financial Services Commission announced that several state-owned banks would provide state aid to support SMEs 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
0 in force
Implementation date
05 Feb 2024
Revocation date:
27 Feb 2024
State loan
On 5 February 2024, the South Korean Financial Services Commission announced that the Industrial Bank of Korea, a state-owned bank, will provide KRW 3.5 trillion (approx. USD 2.62 billion) in new loan...
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Interest payment subsidy
On 5 February 2024, the South Korean Financial Services Commission announced that the Korea Development Bank (KDB), the state-owned development bank, will provide KRW 0.7 trillion USD (524.5 million) ...
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Loan guarantee
On 5 February 2024, the South Korean Financial Services Commission announced that the Korea Credit Guarantee Fund (KODIT) will provide KRW 0.8 trillion (approx. USD 599.5 million) in new loan guarante...
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