Ulsan City to Subsidize Industrial Accident Insurance Premiums for Small Business Owners

Up to 50% Refund on Insurance Premiums Paid by Subscribers

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By Jang Ji-seung
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Ulsan City Hall - Seoul Economic Daily Society News from South Korea
Ulsan City Hall

Ulsan City will launch its "2026 Small Business Owner Industrial Accident Insurance Premium Support Program" for the first time this year to help stabilize the management of local small business owners. The key focus is building a dual safety net linked with employment insurance premium support.

The program targets small business owners in Ulsan who are enrolled in the industrial accident insurance for small and medium-sized enterprise owners. Depending on the standard remuneration grade, 30% to 50% of the industrial accident insurance premiums paid will be refunded on a differentiated basis for up to three years, with retroactive application from January of this year.

Applications can be submitted in person at the Ulsan Economic Promotion Agency or by email. "We will create an environment where small business owners can focus on their business with peace of mind," a city official said.

Original reporting by Jang Ji-seung for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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