Incentives Archives | Be Korea-savvy
S. Korea to Provide More Incentives to Foreign Firms

S. Korea to Provide More Incentives to Foreign Firms

SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to provide more incentives to overseas companies operating in the country and induce them to carry out more foreign direct investment (FDI). The Ministry of Industry, Trade, and Energy, which hosted meetings with officials from foreign companies here, said it is [...]

S. Korea to Increase Incentives for Wind Farms

S. Korea to Increase Incentives for Wind Farms

SEOUL, May 18 (Korea Bizwire) — South Korea will raise incentives for offshore wind farm operators and cut back subsidies on biomass producers to promote more eco-friendly energy sources, the energy ministry said Friday. The Ministry of Trade, Industry and Energy said it will adjust the incentive rates for renewable energy sources based on their [...]

More South Koreans Scrap Their Cars with Government Incentives for Trade-Ins

More South Koreans Scrap Their Cars with Government Incentives for Trade-Ins

SEOUL, April 24 (Korea Bizwire) – An increasing number of people have junked their cars this year, statistics showed Monday, apparently to take advantage of a government-backed trade-in program for old diesel-powered vehicles. A tally from the Ministry of Land, Infrastructure and Transport said 210,705 cars were scrapped in the January-March period this year, up [...]