'Up to 200,000 Won' Small Business Electricity Fee Support... 150,000 Applications in the First Week

'Direct Contractors' First Application Deadline is April 20
Second Project for Non-Contract Users Starts from March 4

The Ministry of SMEs and Startups announced on the 26th that approximately 150,000 applications were received from April 21, when the first round of applications began, until 6 p.m. on the 25th for the special electricity bill support program for small business owners with annual sales of 30 million KRW or less.

Electric meter installed at a traditional market in downtown Seoul on the 14th [Photo by Yonhap News]

For the first round of applications, eligibility will be verified, and Korea Electric Power Corporation (KEPCO) plans to provide support by deducting up to 200,000 KRW from the electricity bills on the invoices. Approximately 117,000 applications received by the 23rd have been sent to the National Tax Service and KEPCO to begin eligibility verification. The first application period for "direct contract holders," who have direct electricity usage contracts with KEPCO or district electricity business operators, runs until April 20.

The Ministry of SMEs and Startups will also launch a second phase of the program from May 4 to May 3 for non-contract users who have not signed electricity usage contracts with KEPCO.

Small business owners wishing to apply can do so online. If online application is difficult, they can visit one of the 77 regional centers of the Small Enterprise and Market Service for assistance. Detailed information about eligibility, procedures, and more is available on the Ministry of SMEs and Startups’ official website.

Won Young-jun, Director of the Small Business Policy Office at the Ministry of SMEs and Startups, said, “Since this program was established through bipartisan agreement under a limited budget, the Ministry will ensure that all eligible small business owners apply within the application period by providing guidance through various channels and will also make every effort to execute the program swiftly.”

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