Global Trade Alert
Global Trade Alert

Republic of Korea: KRW 13.8 trillion supplementary budget passed by National Assembly

Announcement

01 May 2025

In May 2025, the National Assembly passed a supplementary budget of KRW 13.8 trillion to revitalise the economy in response to "unexpected wildfire damage and changes in the trading environment". 

Source

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Number of interventions

8

0 certainly harmful

8 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 01 May 2025
State loan
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 1.6 trillion (USD 1.1 billion) in "New Co...
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Announced: 01 May 2025
State loan
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 0.8 trillion (USD 562.2 million) in polic...
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Announced: 01 May 2025
State aid, unspecified
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 0.5 trillion (USD 351.4 million) will add...
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Announced: 01 May 2025
State aid, unspecified
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 110 billion (USD 77.3 million) will addit...
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Announced: 01 May 2025
Other export incentive
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 2.1 trillion (USD 1.5 billion) will addit...
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Announced: 01 May 2025
Loan guarantee
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 2.1 trillion (USD 1.5 billion) will addit...
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Announced: 01 May 2025
State loan
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 2.1 trillion (USD 1.5 billion) will addit...
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Announced: 01 May 2025
State aid, unspecified
On 1 May 2025, the Republic of Korea's National Assembly approved a supplementary budget to address economic challenges at a national level. Among others, KRW 0.9 trillion (USD 632.4 million) will add...
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