SEOUL, Sept. 27 (Korea Bizwire) – Government measures to provide subsidies to hydrogen fueling stations in South Korea are being called for as experts are pointing out the problem of hydrogen cars failing to meet supply goals. The Hydrogen Energy Network (HyNet), a special purpose corporation for hydrogen fueling stations, reported that the current 3,000 [...]
SEJONG, Sept. 1 (Korea Bizwire) — South Korea will offer more than 1 trillion won (US$827 million) in subsidies to people who buy electric and hydrogen fuel-cell electric vehicles next year to promote the use of eco-friendly vehicles that do not emit the greenhouse gases largely responsible for global warming, an official said Sunday. The [...]
SEOUL, Jul. 15 (Korea Bizwire) — The government has been offering subsidies for those purchasing an electric motorcycle as part of its strategy to reduce air pollution. The initiative, however, is facing difficulties as not enough electric motorcycles are being supplied to the public each year. Rep. Shin Chang-hyun of the ruling Democratic Party said [...]
SEOUL, Jan. 7 (Korea Bizwire) — The city of Seongnam in Gyeonggi Province announced on January 6 that it will introduce and implement a new policy of medical expense subsidies for the first time in Korea starting in July. The new policy is to support medical expenses for children under 18 years old. If the [...]
SEOUL, Nov. 9 (Korea Bizwire) — The value of national health insurance subsidies falsely claimed by foreigners residing in Korea over the last five years totaled 28 billion won(US$24.8 million). According to data submitted to Rep. Hong Chol-ho of the main opposition Liberty Korea Party by the National Health Insurance Service, false health insurance claims [...]
SEOUL, Sept. 27 (Korea Bizwire) — The Seoul city government said Thursday it will provide additional subsidies for the purchase of environmentally friendly vehicles as this year’s target has already been accomplished. The city government attained this year’s goal of subsidizing 2,257 electric vehicles (EVs) and hydrogen fuel-cell cars. The city said it will inject [...]
SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government is tightening standards for electric car subsidies, with stringent guidelines based on battery life and environment-friendliness entering effect this year. Changes are coming to the electric car market, as the Ministry of Environment said on Wednesday that electric car buyers will receive different government subsidies depending [...]