Global Trade Alert
Global Trade Alert

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

Announcement

11 Aug 2023

In August 2023, the Industrial Bank of Korea (IBK) announced providing KRW 300 billion in emergency financial support to small business owners and SMEs affected by Typhoon Khanun.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Aug 2023

Revocation date:

No revocation date

Updated: 11 Aug 2023
State aid, unspecified In force

On 11 August 2023, the Industrial Bank of Korea (IBK) announced providing KRW 300 billion (USD 226.2 million) in "operating capital and facility damage recovery funds" to small business owners and ...

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