South Korea Boosts Support for Low-Income Households to Purchase Energy-Efficient Appliances
Global Economic Times Reporter
korocamia@naver.com | 2025-02-02 11:18:49
Seoul – The Ministry of Trade, Industry and Energy announced on February 2nd that it will invest 12.5 billion won (approximately 9.5 million USD) this year in a program to help vulnerable households purchase high-efficiency appliances. This initiative aims to alleviate the energy cost burden on low-income families.
The program will maintain the existing 300,000 won (approximately 230 USD) cap per household for those receiving electricity bill discounts. However, it will significantly increase the rebate rates for certain groups:
Households with disabilities, veterans, or recipients of basic livelihood support: The rebate rate has been increased from 20% to 30%.
Families with three or more children, newborns (under 3 years old), or large families (5 or more members): The rebate rate has been increased from 10% to 15%.
In addition, the list of eligible appliances has been updated. While water purifiers have been removed, dishwashers have been added, bringing the total number of eligible items to 11. This includes major appliances such as televisions, air conditioners, refrigerators, washing machines, rice cookers, air purifiers, kimchi refrigerators, dehumidifiers, vacuum cleaners, clothes dryers, and dishwashers.
Eligible households can apply for the rebate starting from February 17th through the program's website. Applicants will need to provide documentation such as energy efficiency rating labels, transaction statements, and proof of purchase.
A ministry official stated that this expanded program is expected to save approximately 6 gigawatt-hours (GWh) of energy annually. The ministry plans to continue its efforts to improve energy welfare for vulnerable populations.
WEEKLY HOT
- 1South Korea's Noodle Love: Second Globally in Instant Ramen Consumption
- 2Global Ethics Crisis Ignited by OpenAI's 'Adult Content' ShiftGlobal Ethics Crisis Ignited by OpenAI's 'Adult Content' Shift
- 3K-POP KINGS RETURN: BTS RUMORED TO LAUNCH 'BIGGEST EVER' WORLD TOUR AFTER MILITARY SERVICE COMPLETION
- 4Kevin Kim Named US Chargé d’Affaires in Seoul, Focus on Alliance and APEC
- 5Unsung Heroes of Diplomacy: Volunteers Power Gyeongju's APEC Summit
- 6Gyeongju Summit Serves Up a Taste of Korea: K-Food Takes Center Stage at APEC