Seoul City Ensures Earthquake Safety... "Support for Seismic Performance Evaluation Costs"
[Asia Economy Reporter Onyu Lim] The Seoul Metropolitan Government announced on the 17th that it will continue to promote the ‘Earthquake Safety Facility Certification Support Project’ this year in collaboration with the Ministry of the Interior and Safety to activate seismic reinforcement of private buildings.
The Earthquake Safety Facility Certification System is a program that attaches a certification mark to private buildings that have secured seismic performance through seismic performance evaluation and certification procedures, allowing citizens to visually confirm buildings that are safe from earthquakes.
This certification support project provides financial support for the seismic performance evaluation costs (up to 27 million KRW) and certification fees (up to 3 million KRW) required for certification to private building owners who wish to receive certification for earthquake safety facilities, aiming to enhance the safety of private buildings against earthquakes (activation of seismic reinforcement) and verify their safety.
Private building owners in Seoul who wish to participate in the certification support project can submit an application form to the Regional Building Safety Center of the relevant district office, and after review by the selection committee, subsidies will be provided.
Buildings that are exempt from mandatory seismic design but have completed seismic reinforcement and received seismic performance confirmation will be eligible for benefits such as tax reductions and insurance premium discounts.
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