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Unmarried Foreigners Raising a Child of Korean Nationality Alone to Benefit from State Subsidies

Unmarried Foreigners Raising a Child of Korean Nationality Alone to Benefit from State Subsidies

SEOUL, April 7 (Korea Bizwire) – Low-income foreigners raising a child of Korean nationality alone will be eligible for the government’s monthly childcare support of 200,000 won (US$180) per month. The Ministry of Gender Equality and Family said that the Cabinet passed the revision of the enforcement ordinance of the Single-parent Family Support Act on [...]

Gov’t to Double Subsidies for Early Scrapping of Old Diesel Cars

Gov’t to Double Subsidies for Early Scrapping of Old Diesel Cars

SEOUL, Feb. 5 (Korea Bizwire) — Early scrapping of old diesel cars that cannot be fitted with low-emission devices will be subject to higher government compensation. The Ministry of Environment and the Ministry of Economy and Finance introduced a new project for early scrapping of diesel cars with grade 5 emissions on Friday. This year, [...]

S. Korea to Expand Subsidies for Eco-friendly Cars

S. Korea to Expand Subsidies for Eco-friendly Cars

SEOUL, Jan. 21 (Korea Bizwire) — South Korea said Thursday it plans to expand subsidies provided for electric vehicles and hydrogen fuel-cell automobiles this year in line with the country’s green energy drive. Under the plan, South Korea will allocate 1 trillion won (US$930 billion) to promote sales of electric cars, which marks a 25 [...]

Men Receive More Medical Subsidies for Mental Illness than Women

Men Receive More Medical Subsidies for Mental Illness than Women

SEOUL, Nov. 5 (Korea Bizwire) — Among recipients of medical subsidies provided by the government, the number of men diagnosed with mental illnesses was more than double the number of women. The Health Insurance Review and Assessment Service carried out assessments of 389 medical institutions that charged hospitalization fees for psychiatric treatment to subsidy recipients [...]

Gov’t to Subsidize Infertility Treatment for Low Income Households

Gov’t to Subsidize Infertility Treatment for Low Income Households

SEOUL, Jan. 10 (Korea Bizwire) — The government will pay up to 1.1 million won (US$947) a time for infertility treatment starting this year, considering the economic burden of the couple. The project is part of an initiative to provide support for treatment costs for the part of the medical insurance and non-wage medical expenses [...]

Seoul Announces Massive Expansion of Youth Welfare Subsidies

Seoul Announces Massive Expansion of Youth Welfare Subsidies

SEOUL, Oct. 23 (Korea Bizwire) — The Seoul city government said Wednesday it will more than quadruple the number of recipients of its monthly youth employment promotion subsidy and create a new housing rent subsidy for young people next year. Under the new youth welfare policy announced by Mayor Park Won-soon in a town hall [...]