Announcement
25 Jan 2023
In January 2023, the Korean Ministry of Culture, Sports, and Tourism announced measures worth KRW 790 billion to support the K-content industry, the South Korean entertainment and media industry.
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Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
3 in force
Implementation date
25 Jan 2023
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
On 25 January 2023, the South Korean Ministry of Culture, Sports and Tourism announced the launch of a KRW 410 billion (USD 331.9 million) K-content fund. The fund will provide investments to "support...
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Loan guarantee
In force
On 25 January 2023, the South Korean Ministry of Culture, Sports and Tourism announced providing loan guarantees worth KRW 220 billion (USD 178 million) on K-content creators' existing loans from fina...
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Interest payment subsidy
In force
On 25 January 2023, the South Korean Ministry of Culture, Sports and Tourism announced providing support worth KRW 160 billion (USD 129.5 million) to support interest payments of K-content creators. T...
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