Korea Transportation Safety Authority Supports Gwangju Companies with Eco-Friendly Vehicle Testing, Certification, and Evaluation Costs
[Asia Economy Reporter Cha Wanyong] The Korea Transportation Safety Authority announced on the 22nd that starting next month, it will implement a project to support testing, certification, and evaluation costs for eco-friendly vehicles and parts for automobile parts companies located in Gwangju Metropolitan City for 10 months.
This project was prepared with the aim of regional balanced development and strengthening eco-friendly vehicle technology capabilities. The Automobile Safety Research Institute, an affiliated organization of the Korea Transportation Safety Authority, signed a consignment agreement with Gwangju City and has been supporting part of the evaluation test costs since last year.
The support targets companies with headquarters, research institutes, or factories in Gwangju, or those whose registered address of employees is in Gwangju. Up to 40% of the testing, certification, and evaluation costs for eco-friendly vehicles and parts (up to 17.6 million KRW per company) will be supported. The application period is from March to November.
Kwon Yongbok, Chairman of the Korea Transportation Safety Authority, said, “We will continue to promote private cooperation and support projects to meet the technical support and development needs of automobile-related companies in the Gwangju area,” adding, “We will constantly strive to create a safe traffic environment along with the development of the local automobile industry.”
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Meanwhile, since 2019, the Automobile Safety Research Institute has been building the ‘Eco-friendly Vehicle and Parts Certification Center’ on a 29,916㎡ site in Gwangsan-gu, Gwangju Metropolitan City, for regulatory certification tests to strengthen the safety of eco-friendly vehicles and core parts. Last year, it supported testing, certification, and evaluation costs worth a total of 260 million KRW for 33 test items across 5 companies.
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