Republic of Korea: Launch of KRW 5 trillion guarantee scheme to help SMEs refinance existing loans with high interest rates

Announcement

29 Jul 2024

In July 2024, the South Korean government announced the launch of a KRW 5 trillion "conversion guarantee" program to help small business owners refinance their existing loans with high interest rates.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Jul 2024

Revocation date:

No revocation date

Updated: 29 Jul 2024

Loan guarantee In force

On 29 July 2024, the South Korean Ministry of SMEs and Startups (MSS) announced the launch of a new "conversion guarantee" program with a budget of KRW 5 trillion (USD 3.6 billion). Under the progr...

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