Global Trade Alert
Global Trade Alert

Republic of Korea: Government announces state aid to support SMEs ahead of 2024 Chuseok holidays

Announcement

10 Sep 2024

In September 2024, the Korean Financial Services Commission announced various state aid measures to support SMEs during the mid-autumn Chuseok holidays.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

10 Sep 2024

Revocation date:

No revocation date

State loan

On 10 September 2024, the Korean Financial Services Commission announced that the Industrial Bank of Korea, a state-owned bank, will provide KRW 3.7 trillion (approx. USD 2.8 billion) in new loans to ...

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Loan guarantee

On 10 September 2024, the Korean Financial Services Commission announced that the Korea Credit Guarantee Fund (KODIT) will provide KRW 1.9 trillion (approx. USD 1.4 billion) in new loan guarantees to ...

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State loan

On 10 September 2024, the Korean Financial Services Commission announced that the Korea Development Bank (KDB), the state-owned development bank, will provide KRW 2.3 trillion (approx. USD 1.7 billion...

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