30 March 2020 – Introduced closure and reopening subsidies for small and medium enterprises

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Korean government rolled out subsidies to assist businesses forced to close due to COVID-19. The closure subsidy will pay up to 2 million won (US$1637) per employer.

In areas hard-hit by COVID-19, businesses that were forced to close and will now reopen will be able to receive a subsidy of 3 million won (US$2425) to offset the costs of reopening.
Full details here: https://moel.go.kr/english/poli/poliNewsnews_view.jsp?idx=1559