Gwangmyeong City to Provide Up to 5 Million Won for Manufacturers Replacing Facilities with Eco-Friendly and Energy-Saving Equipment

10% Subsidy for Eco-Friendly and Energy Equipment Upgrades
Applications Open Until November: High-Efficiency Equipment and Renewable Energy Adoption
Reducing Business Costs and Promoting Green Transition

Gwangmyeong City in Gyeonggi Province will provide up to 5 million won in support to manufacturing companies that are practicing carbon neutrality.

Aerial view of Gwangmyeong City Hall. Provided by Gwangmyeong City

On April 8, the city announced the implementation of the "Financial Support Program for Companies Practicing Carbon Neutrality," which will subsidize 10% of installation costs for manufacturers that replace their facilities with eco-friendly and energy-saving equipment.

This program has been established in response to the recent rise in energy costs, which has highlighted the importance of improving energy efficiency for businesses. Its aim is to reduce the financial burden of facility upgrades and encourage the implementation of carbon neutrality practices.

The support is available to manufacturing companies registered with a business license in Gwangmyeong City.

Eligible areas for support include: ▲ the purchase of high-efficiency energy equipment certified by the Korea Energy Agency ▲ converting oil-based facilities to electric equipment ▲ purchasing devices that reduce air pollutant emissions ▲ introducing renewable energy such as solar power ▲ producing products using eco-friendly (low-carbon) certified materials and components.

The support amount is set at 10% of the installation costs for the relevant equipment, with a maximum of 5 million won per company.

Companies wishing to apply must visit the Carbon Neutrality Division at Open Citizen Hall (10, Orilo 854beon-gil, 2nd floor) or submit documents by mail by November 30. The application period may close early if the budget is exhausted.

Application forms can be downloaded from the Gwangmyeong City Hall website under the public notice board.

For more details, inquiries can be directed to the Carbon Neutrality Division.

Gwangmyeong City Acting Mayor (Vice Mayor) Choi Hyemin stated, "This program marks the starting point for the transition to a low-carbon industry, helping local manufacturing companies gain competitiveness in the era of carbon neutrality. We are committed to building an industrial ecosystem where business growth and carbon reduction go hand in hand, based on innovations in energy efficiency and the adoption of eco-friendly facilities."

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