Ministry of Trade, Industry and Energy Confirms 28.8 Billion KRW for 2nd Supplementary Budget... Support for Export Companies and Vulnerable Groups
[Asia Economy Reporter Ryu Tae-min] The Ministry of Trade, Industry and Energy announced on the 24th that it has secured 28.8 billion KRW in the second supplementary budget for this year to reduce the energy bill burden on vulnerable groups affected by COVID-19 and to issue vouchers for export companies.
First, the Ministry plans to establish an "Emergency Export Logistics Support Voucher" program for export companies struggling due to the surge in maritime transportation costs. This program will issue and support logistics-specific vouchers to small and medium-sized export companies facing difficulties due to logistics disruptions.
Considering the shipbuilding industry's current situation, where demand for production personnel is increasing due to a rise in ship orders, the number of recruitment-linked training participants in the shipbuilding production sector will be increased from the existing 600 to 1,200, and a training allowance will be introduced. This program aims to timely supply production personnel to small and medium shipbuilding companies facing labor shortages through expanded training, promote the influx of production workers by providing training allowances, thereby expanding jobs and strengthening the competitiveness of the shipbuilding industry.
Additionally, the Ministry has increased the budget for the "Energy Voucher" program, which supports energy bills for vulnerable groups whose income has decreased due to the prolonged COVID-19 pandemic. This program subsidizes cooling and heating energy costs during summer and winter seasons.
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From this year, with the complete abolition of the support obligation criteria for livelihood benefits, 187,000 newly added households eligible for voucher payments can now receive support for cooling and heating costs. Energy vouchers can be applied for by visiting the administrative welfare centers in the resident registration areas (eup, myeon, dong) or online through the Bokjiro website.
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