Kyungdong Navien Partners with Seoul City to Promote Condensing Boiler Distribution

[Asia Economy Reporter Moon Hyewon] Kyungdong Navien is conducting a promotion to expand the use of condensing boilers in cooperation with Seoul City and credit card companies as part of efforts to improve air quality. With the enactment of the Special Act on Air Quality Improvement in Air Management Zones in April this year, only boilers certified as eco-friendly are allowed when installing new boilers in Seoul.

Under the promotion, Seoul citizens who purchase eco-friendly condensing boilers can receive additional benefits such as cashback or interest-free discounts on top of the existing 200,000 KRW subsidy provided through the condensing boiler distribution support project. When purchasing condensing boilers with Samsung Card or Shinhan Card, interest-free installments are available for up to 12 months, and customers who newly issue a Shinhan Card can receive an additional 50,000 KRW cashback. This event will operate until all 58,000 units, excluding the 67,000 units already installed from the 120,000-unit budget allocated for the distribution support project, are exhausted.

Condensing boilers are eco-friendly boilers that increase energy efficiency and reduce air pollutants by condensing the heat contained in exhaust gases to absorb it once more. They reduce nitrogen oxide emissions, a major cause of fine dust, to one-fifth the usual level and significantly cut carbon dioxide emissions, which cause global warming and abnormal climate conditions. With a thermal efficiency of over 92%, they can save more than 130,000 KRW annually on heating costs compared to conventional boilers.

Gu Yongseo, Head of Sales at Kyungdong Navien, said, "Condensing boilers, which reduce energy use with excellent efficiency and contribute to air quality improvement with eco-friendly technology, are essential products for our society."

This content was produced with the assistance of AI translation services.