Global Trade Alert
Global Trade Alert

Republic of Korea: IBK provides KRW 300 billion to small business owners and SMEs affected by heavy rain

Announcement

12 Jul 2024

In July 2024, the Industrial Bank of Korea (IBK) announced providing KRW 300 billion to small business owners and SMEs affected by heavy rain.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Jul 2024

Revocation date:

No revocation date

Updated: 12 Jul 2024
State aid, unspecified In force

On 12 July 2024, the Industrial Bank of Korea (IBK) announced providing KRW 300 billion (USD 218.1 million) in "operating capital and facility damage recovery funds" to small business owners and SM...

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