SEOUL, May 30 (Korea Bizwire) — The government will provide more subsidies to cargo truck drivers and others using diesel vehicles as part of efforts to ease their burden from rising fuel costs, the transport ministry said Monday. The average retail price of diesel in South Korea soared to over 2,000 won (US$1.59) per liter [...]
SEOUL, May 17 (Korea Bizwire) – South Korea plans to provide more subsidies to cargo truck and taxi drivers who are suffering from a hike in diesel prices in a bid to ease the burden from rising fuel costs, the finance ministry said Tuesday. The move came as diesel prices in South Korea recently outstripped [...]
SEOUL, March 23 (Korea Bizwire) — The Seoul city government announced Wednesday it plans to offer subsidies for public transportation costs of young citizens regardless of income level starting next month as part of its new youth support scheme. According to the city’s new comprehensive youth support plan announced by Mayor Oh Se-hoon, the government [...]
SEOUL, Feb. 22 (Korea Bizwire) — The Seoul city government said Tuesday it will launch an experimental welfare program aimed at providing regular subsidies to low-income households in the capital under Mayor Oh Se-hoon’s initiative. Under the project, a total of 800 households in the bottom 33 percent income bracket and with less than 326 [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea announced plans on Wednesday to reduce the amount of subsidies provided to electric vehicle (EV) purchases in exchange for offering subsidies to a wider line-up. The government said that subsidies will be provided to 207,500 EVs this year, up from 101,000 cars last year. The maximum amount [...]
SEOUL, Nov. 30 (Korea Bizwire) — Buyers of electric vehicles (EVs) who are waiting for delivery after signing purchase contracts are on edge due to delayed delivery amid the possibility of a reduction in EV subsidies. The Ministry of Environment set next year’s EV distribution target at 235,000 units, twice as high as this year’s [...]
SEOUL, Nov. 19 (Korea Bizwire) — Starting next January, the National Health Insurance Service (NHIS) will offer larger childbirth subsidies that are provided as credit/debit card vouchers. The Ministry of Health and Welfare and the NHIS announced Thursday that relevant legislation will come into effect on January 1, 2022. According to the new legislation, a [...]
SEOUL, May 26 (Korea Bizwire) — SK Telecom Co. has been found to be engaged in illegal marketing by offering foreigners additional subsidies in exchange for subscribing to the company’s service plans, generating criticism that the company’s reckless activities to attract more subscribers while evading regulations have resulted in discrimination against South Koreans. Industry sources [...]
SEOUL, April 29 (Korea Bizwire) – The buyers of Hyundai Motor Co.’s IONIQ 5 all-electric car could face lack of state subsidies for EV purchases as a global chip shortage affects the model’s production, industry sources said Thursday. Hyundai began the delivery of the IONIQ 5 on Thursday but still lacks traction motors essential to [...]
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 [...]