Win-Win Cooperation Foundation Partners with Five Local Governments to Help Small Businesses Save Energy

Jeju, Seoul's Gwanak-gu, Daegu's Buk-gu, Ulsan's Ulju-gun, and Dong-gu in Jeonnam-Gwangju participate

The Korea Foundation for Cooperation of Large and Small Businesses, Agriculture and Fisheries (the Win-Win Cooperation Foundation) said on the 27th that it had signed a business agreement with five local governments, including Jeju Special Self-Governing Province, Gwanak-gu in Seoul, Buk-gu in Daegu, Ulju-gun in Ulsan, and Dong-gu in Jeonnam-Gwangju Integrated Special City, to carry out the “2026 KB Financial Energy-Saving Facility Support Project.”

The project was designed to ease the business burden on small local businesses struggling with high prices and rising energy costs, and to directly support the green transformation (GX) of their workplaces. To that end, following an open call, the Win-Win Cooperation Foundation selected five local governments that proposed tailored energy self-sufficiency and infrastructure-efficiency measures suited to the characteristics and needs of their local commercial districts.

The five local governments will now begin energy-saving projects tailored to the circumstances of their commercial districts. Jeju will receive KRW 155 million to remove briquette-fired ovens and replace them with high-efficiency equipment, such as eco-friendly electric roasters and commercial induction cooktops. Gwanak-gu in Seoul will invest KRW 145 million to install high-efficiency shared information signboards featuring automatic on/off and brightness-control functions.

Korea Foundation for Cooperation of Large & Small Business, Rural Affairs CI. Korea Foundation for Cooperation of Large & Small Business, Rural Affairs

Daegu's Buk-gu, Ulsan's Ulju-gun, and Dong-gu in Jeonnam-Gwangju will each receive KRW 100 million. Buk-gu will replace compressors with high-efficiency inverter models and upgrade insulation. Ulju-gun will replace LED lights and aging wiring, among other measures. Dong-gu in Jeonnam-Gwangju will provide high-efficiency heating and cooling systems and refrigeration and freezing equipment.

The project will use KRW 600 million earmarked for GX support from the KRW 10 billion Win-Win Cooperation Fund established in June by KB Financial Group, the Ministry of SMEs and Startups, and the Win-Win Cooperation Foundation. The results, including reductions in electricity use and carbon emissions achieved through the project, are scheduled to be presented in a final report this December.

Byun Taeseop, secretary-general of the Win-Win Cooperation Foundation, said, “For small business owners struggling with high prices and an economic downturn, support for high-efficiency, eco-friendly equipment will be a practical solution that eases the burden of electricity bills. We will actively support local commercial districts in achieving sustainable green growth through close cooperation with local governments.”

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