South Korea, the world’s ninth- largest greenhouse gas emitter, plans to spend 35.5 trillion won ($31 billion) by 2020 to develop technology for renewable and nuclear energy and carbon emissions reduction.
The investment is part of the nation’s road map to grab a 10 percent share of the world’s clean-energy market and have one of the world’s top five energy industries by 2020, the Ministry of Knowledge Economy said in an e-mailed statement.
South Korea wants to build its capabilities in alternative and nuclear energy and is spending 1 trillion won this year for preferential payments to renewables projects. The country also wants to cut reliance on oil and is expanding the use of cleaner-burning energy amid increasing concerns about the environment.
|Soothing Moments for Business Travelers in Korea||May 10, 2012||804|
|Surging Interest in Korean Food: Another Frenzy Riding on Hallyu or Korean Wave||May 01, 2012||1134|
|Korean Christians aim to stop Lady Gaga's ‘pornographic’ show||Apr 30, 2012||791|
|Pop-up Surprise: Korean Food Re-imagined||Apr 25, 2012||766|
|South Korea's Yeosu transforms for international expo||Apr 24, 2012||748|
|Korean Way of Bullfighting Which Is Less Likely to See any "Red"||Apr 21, 2012||830|
|A cell therapy product that regenerates ischemic, or damaged, cardiac muscular tissues||Apr 19, 2012||763|
|Classical Music As Informal Olive Branch Between North and South Korea||Apr 18, 2012||727|
|Korean Telecom Giant Looks to Overseas Market to Drive Its Growth||Apr 17, 2012||789|
|How wildlife is thriving in the Korean peninsula's demilitarised zone||Apr 14, 2012||712|
|Torontonians are falling in love with all things Korean||Apr 11, 2012||1098|
|New Trend in Korea: Car Sharing Service||Apr 05, 2012||1034|
|Chinese companies coming on strong to be a threat to Korea||Apr 03, 2012||858|
|Korea to fine tune CO2 trading after vote||Mar 21, 2012||765|
|Using Social Media to Bring Korean Pop Music to the West||Mar 06, 2012||1006|
|South Korea is Asia’s leading light in value car brands||Mar 05, 2012||807|
|MWC 2012: SK Telecom's Smart Learning robots interacting with smartphones||Feb 29, 2012||1316|
|Samsung Allegedly "Trailing" CJ Chairman||Feb 27, 2012||798|
|Seoul, The Center of the Mobile Wallet Universe||Feb 27, 2012||930|
|Global Law Firms Rush into Korean Legal Market||Feb 20, 2012||976|