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Implementation of Busan Freight Truck Support Project
The city of Busan has recently decided to implement a large-scale emergency support program for freight trucks and village buses in response to the issue of high fuel prices. This policy aims to reduce the burden of fuel costs and ensure traffic safety.
Through the 2026 second supplementary budget, Busan has allocated a total of 9 billion won, which will be used to support the purchase of engine oil, urea water, and tires for commercial freight trucks and village buses that use diesel fuel.
The beneficiaries include approximately 29,700 freight trucks and 355 village buses, totaling over 30,000 vehicles. With the recent spike in international oil prices and the rise in diesel prices, this support measure is expected to provide practical assistance amid the increased management burden on the transportation industry.
In particular, since 91% of freight trucks are diesel vehicles, which are sensitive to changes in fuel prices, this support is anticipated to have significant effects. It is also expected to have a positive impact on the management stability of transportation companies.
Details of Engine Oil and Urea Water Support
This project operates a program to support the purchase costs of consumables related to safe operation.
The eligible items include engine oil, urea water, and tires, with a maximum support of 300,000 won per vehicle. Any excess costs must be borne by the vehicle owner.
Notably, this support is significant as it covers not only fuel costs but also vehicle maintenance and safety management costs. It can be seen as a policy reflecting the fluctuations in urea water prices and the burden of tire replacement costs.
However, not all vehicles are eligible to apply. Applicants must meet the following conditions: they must be vehicles registered with the Busan city-approved freight transportation business, and they must be commercial freight trucks that use diesel. Additionally, they must possess a freight transportation qualification certificate, and the approved vehicles must have been registered before May 13, 2026. Finally, applications are only permitted once per vehicle.
Application Method and Schedule
Applications will start on May 18, 2026. Applications can be made online, or by visiting in person.
Busan city's freight truck support can be received through online applications.
Applications are available on the dedicated Busan city website, and can also be accessed via a QR code.
This online system is expected to be actively utilized by many vehicle owners as it simplifies the application process.
In-person applications are handled by each freight association, which includes general freight associations, individual freight associations, and parcel freight associations. The last digit of the vehicle number determines the day of the week for applying.
The weekday application system is applied as follows: Monday is for vehicles ending in 1 and 6, Tuesday for 2 and 7, Wednesday for 3 and 8, Thursday for 4 and 9, and Friday for 5 and 0.
The application period is set until November 30, 2026, but may close early if the budget is exhausted, so timely applications are necessary.
Summary of Subsidy Payment Method
This project operates on a 'post-claim' basis. After consumers purchase engine oil, urea water, tires, etc., and submit the relevant proof of purchase, the subsidy will be paid the following month. The applicable purchase date for beneficiaries is limited to after May 13, 2026.
The documents required for subsidy application are as follows. First, you need a subsidy application form; second, proof of purchase receipt is required. Third, a copy of the vehicle registration certificate and fourth, a copy of the bank book must also be submitted.
The receipt can be substituted with one of the following documents: credit card slip, cash receipt, or electronic tax invoice.
If the receipt does not list items such as engine oil, urea water, or tires, then a transaction statement or purchase confirmation must be submitted additionally. After the final document review is completed, the amount will be transferred to the applicant's bank account around the 15th of the following month.
Significance of High Fuel Price Response Policy
This support project from Busan city is significant not only for providing subsidies but also for maintaining the stability of logistics and traffic within the region.
In particular, freight trucks and village buses play an essential role in the lives of local residents and the maintenance of logistics networks. With the continued situation of high fuel prices, the burden on the transportation industry has significantly increased. Consequently, support for vehicle maintenance costs is expected to provide tangible benefits in the field.
Moreover, the support for safety-related items like engine oil and tires not only reduces costs but can also positively impact accident prevention and improve vehicle management standards. If you are operating a diesel freight truck in Busan, it is essential to check your eligibility for support and the required documents in advance.
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Frequently Asked Questions (FAQ)
Q. What is the main purpose of the Busan Freight Truck Support Project?
Busan city implements a support project for freight trucks and village buses to reduce the burden from high fuel prices and ensure transportation safety.
The Busan Freight Truck Support Project aims to address the economic difficulties experienced by the transportation industry due to the recent skyrocketing international oil prices and diesel costs. Its core objectives are to lower fuel cost burdens while simultaneously providing support for vehicle maintenance expenses to enhance transportation safety. Considering that 91% of freight trucks are diesel vehicles, this support measure is expected to significantly contribute to the management stability of transport companies.
Q. What items are eligible for support and what is the subsidy limit?
Support is provided for the purchase costs of engine oil, urea water, and tires, up to a maximum of 300,000 won.
This project supports the purchase costs of consumables necessary for safe operation, specifically engine oil, urea water, and tires. Each vehicle can receive a maximum of 300,000 won, and any expenses over this amount must be borne by the vehicle owner. This support is characterized by encompassing not only fuel cost reimbursement but also expenses related to vehicle management and safety maintenance, particularly taking into account volatility in urea water prices and the burden of tire replacement.
Q. What are the eligibility criteria for vehicles and application conditions?
Vehicles must be commercial diesel freight trucks approved by Busan city, registered before May 13, 2026, and hold a transport qualification certificate.
Eligible vehicles include freight trucks and village buses approved by Busan city. Each vehicle can apply only once, and it must be registered before May 13, 2026. Additionally, the vehicle must possess a freight transportation qualification certificate and meet requirements outlined in the city's permits. About 30,000 vehicles that meet all these conditions are included in the eligibility pool.
Q. How can I apply and what is the application schedule?
Applications can be submitted both online and in-person from May 18, 2026, until November 30.
Applications will begin on May 18, 2026, and can be made online through the dedicated Busan city website or via a QR code. In-person applications are to be processed by general freight associations, individual freight associations, and parcel freight associations, and the application days are designated based on the last digit of the vehicle number. The application period runs until November 30, but may close earlier if the budget is exhausted, thus prompt application is recommended.
Q. How will the subsidies be paid?
Subsidies will be paid in a post-claim manner upon submission of purchase receipts and other proof documents the following month.
The subsidies are operated on a prior purchase and subsidy application basis. The vehicle owner must first purchase engine oil, urea water, and tires, and then submit necessary documents such as receipts, a copy of the vehicle registration, and a copy of the bank account. Proof documents can be substituted with credit card slips or cash receipts, but additional transaction statements are needed if the receipt lacks the item names. Upon successful review, the funds will be deposited into the applicant's account around the 15th of the following month.
