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.
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Number of interventions
1
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 program,...
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