subsidy Archives | Be Korea-savvy
Seoul City to Provide Monthly Subsidy to Grandparents, Relatives Providing Child Care

Seoul City to Provide Monthly Subsidy to Grandparents, Relatives Providing Child Care

SEOUL, Jan. 17 (Korea Bizwire) – The Seoul city government will provide a monthly subsidy of 300,000 won (US$242) to families relying on grandparents or relatives for child care as part of a project to help relieve the burden of raising children, officials said Tuesday. The city plans to invest a total of 14.7 trillion [...]

Over 50 pct of Purchase Subsidies for Electric Two-wheelers Given to ‘Made in China’ Products

Over 50 pct of Purchase Subsidies for Electric Two-wheelers Given to ‘Made in China’ Products

SEOUL, Oct. 8 (Korea Bizwire) — More than half of the purchase subsidies that the South Korean government disbursed for purchases of electric two-wheelers last year turned out to be for ‘Made in China’ products. Rep. Kim Sung-whan, a lawmaker of the ruling Democratic Party, said on Wednesday during the parliamentary inspection of the Ministry [...]

S. Korea to Overhaul Subsidy Scheme for EV Cars

S. Korea to Overhaul Subsidy Scheme for EV Cars

SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s environment ministry said Sunday that it will revamp a subsidy scheme for electric vehicles (EVs), with the current proposal centering on excluding high-priced EVs from the subsidy recipients. The country’s fat subsidies for EVs have been a major contributor to the popularity of eco-friendly cars. The overhaul [...]

S. Korea Changes Subsidy Scheme for Eco-friendly Autos

S. Korea Changes Subsidy Scheme for Eco-friendly Autos

SEJONG, Jan. 20 (Korea Bizwire) — South Korea’s finance and environment ministries said Monday that they have changed a state subsidy scheme for eco-friendly vehicles to allow buyers of efficient cars to get larger subsidies from this year. Currently, the state subsidy is calculated on an electric car’s battery capability. Under the revised subsidy program, [...]

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

SEOUL, May 24 (Korea Bizwire) — Sources in China say that electric cars equipped with Korean-made batteries were not included in a list of cars awarded subsidies by the Chinese government. According to industry insiders, the Ministry of Industry and Information Technology in China announced on its website yesterday a list of car models that [...]