Tag: subsidy

subsidy

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(수원=뉴스1) 김영운 기자 = 추미애 경기도지사가 2일 경기 수원시 영통구 경기도의회 본회의장에서 열린 '제393회 임시회 제2차 본회의'에서 임기 첫 대집행부 질문에 답하고 있다. 2026.9.2/뉴스1

Gyeonggi budget cuts halt postpartum subsidy, strain cities and public agencies

The province’s funding cuts will leave newborns from October ineligible for support while straining cities, welfare programs and public agencies.

2026.9.14

Korea basic livelihood benefit recipients top 2.8 million, with older adults making up 44%

More than 2.8 million people received basic livelihood benefits in Korea last year, with older adults making up the largest share and around one in 10 individuals 65 and older receiving support.

2026.7.31

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Lee calls for improved subsidies to bolster agriculture sector

In an X post, the president said the country's financial resources are strong enough to increase support, which lags far behind the European Union and Japan.

2026.7.19

EVs are charging at a charging station in Seoul on April 29. [YONHAP]

Gov't to implement evaluation system for EV subsidies in July

Korea will newly implement an evaluation system to give out subsidies to EV manufacturers starting in July, with a focus on promoting contributions to domestic supply chains, the Ministry of Climate, Energy and Environment said Wednesday.

2026.5.13

Prime Minister Kim Min-seok, center, gives a speech at the cabinet meeting at government complex in central Seoul on April 11. [NEWS1]

Korea plans cash relief handout for 70% of public, some foreigners eligible

The government will provide cash support to 70 percent of the population to offset the impact of rising living costs linked to the Middle East conflict. A range of 100,000 won and up to 600,000 won ($68 up to $405) will be provided per person.

2026.4.11

An EV charges inside a residential parking space in Seoul on March 30. [NEWS1]

Localities face depleted EV subsidies as demand surges from price cuts, rising oil costs

Subsidies for EVs have been depleted in some localities far faster than expected this year as demand surges due to price cuts by automakers and rising oil prices, according to the Korea Automobile & Mobility Association on Wednesday.

2026.4.8

The Ministry of Trade, Industry and Resources headquarters is seen at the government complex in Sejong on March 31, 2022 in this file photo. [NEWS1]

Korea, France to hold industrial cooperation committee to discuss pending trade issues

Korea and France were set to hold a bilateral industrial cooperation committee Wednesday to discuss ways to promote industrial and supply chain cooperation between the two countries as well as pending trade issues, Seoul's Industry Ministry said.

2025.12.3

A Lotte Mart inside Seoul Station in Jung District, central Seoul, on Oct. 27. [NEWS1]

Retail sales rise 7.7 percent in September on stimulus cash handouts

Retail sales in Korea rose 7.7 percent on-year last month, led by stimulus measures aimed at boosting domestic consumption, the industry ministry said Wednesday.

2025.10.29

Young people sit at a job center in Seoul on Sept. 10. [YONHAP]

Gov't to launch trial program addressing welfare blind spot — young adults

A 20-something surnamed Kim (an alias) left home to find work and become financially independent from parents struggling with alcoholism.

2025.9.14

This file photo taken Jan. 7 shows a mobile phone store in Seoul promoting the planned lifting of the decadelong ban on handset subsidies. [YONHAP]

Handset subsidy ban to be lifted Tuesday

The decadelong controversial ban on handset subsidies will be lifted starting next week as part of efforts to lower the financial burden on consumers for communications services, the Ministry of Science and ICT said Thursday.

2025.7.21