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 [...]
SEOUL, March 25 (Korea Bizwire) — South Korea said Thursday it will offer discounts on electricity fees for small businesses to ease their burden amid the prolonged new coronavirus pandemic. The parliament passed a bill to allocate 220 billion won (US$193 million) in extra budget to ease the financial burden on virus-hit small businesses from [...]
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, [...]
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 [...]
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 [...]
SEOUL, July 27 (Korea Bizwire) — U.S. electric carmaker Tesla Motors Inc. was found to have received a massive amount of government subsidies following a surge in electric vehicle (EV) sales in the South Korean market in the first half of this year. Experts argue that EV subsidies are falling into the hands of a [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s telecommunications regulator said Wednesday it imposed a record fine of 51.2 billion won (US$46.7 million) on the country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — for providing illegal subsidies to subscribers to their 5G network services. SK Telecom will face [...]
SEOUL, April 10 (Korea Bizwire) — The Seoul Metropolitan Government announced Thursday that it will disburse subsidies for the purchase of 700 electric-powered cabs this year. Subsidies for purchasing electric taxis are set at a maximum of 18.2 million won (US$14,900), which is higher than the 12.7 million won offered to those buying electric cars [...]
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, 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 [...]