[20th May] Ministry of Economy & Finance: Press Release Action Plans for 550,000 Job Creation in Public Sector, part of the 1.56 Million Job Creation Project announced last week. Revive Tourism How to Manage 40 Trillion Won Key Industry Relief Package Plans to Purchase Corporate Debt Through an SPV [...]
22nd April 2020 Financial Services Commission Press Release: KRW40 trillion fund to support key industries and help businesses retain jobs Outline of Key Provisions to use 40 Trillion Fund Expansion of Emergency Financial Support Package
22nd April 2020 Ministry of Economy and Finance 5TH EMERGENCY ECONOMIC COUNCIL MEETING Wage Subsidies for small businesses and enterprises, and Programs for the unemployed, and Liquidity injection for cash-strapped companies and key industries.
9th April 2020 Ministry of Economy & Finance 4rd Crisis Management Meeting Deputy Prime Minister Hong Nam-ki on how they will help retain jobs and plans to expand childcare leave, as well as support for businesses hit by social distancing.
8th April 2020 Ministry of Economy and Finance GOVERNMENT TO FRONTLOAD PUBLIC SECTOR INVESTMENT Public sector investment and purchases Make early purchases and prepayment worth around 2.1 trillion won for cash-strapped businesses. Frontload construction investments worth 1.2 trillion won. Temporarily relax government procurement rules. Support to boost private sector spending: [...]
1st April 2020 Ministry of Economy & Finance 3rd Crisis Management Meeting Help small businesses and self-employed go through the time Help marginal firms Provide wage support to help businesses maintain their employees Support for tourism-dependent businesses, telecommunications businesses and film industries The government will work to help exporters. [...]
31st March 2020 Financial Services Commission Press Release: Loan Deferment Guidelines for SMEs and Small Merchants