The FSC announced that more than KRW4.7 trillion in fiscal resources has become available to facilitate smooth implementation of the various pandemic-related financial support programs as the National Assembly passed the 3rd supplementary budget on July 3.
COVID-19 FINANCIAL SUPPORT
(a) KRW1.5323 trillion in emergency financial support for small merchants, SMEs and middle market enterprises
(b) KRW3.327 trillion capital injection to policy banks for providing emergency liquidity support to major industries and enterprises
OTHER SUPPORT MEASURES
(a) KRW10 billion to support economic recovery
(b) KRW100 billion to support agriculture and fisheries
(c) KRW25 billion to increase the availability of microloans for low-income, low-credit groups
(d) KRW50 billion to support KAMCO’s corporate asset purchase program
* Please refer to the attached PDF for details.