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News Link • Economy - International

South Korea Launches Green Growth Plan

07-09-2009 • arclein
The government will invest 107 trillion ($84.4 billion dollars), or 2.0 percent of gross domestic product every year, over the next five years in an effort to reduce reliance on fossil fuels, Lee's office said. The scheme will help create up to 1.81 million new jobs and generate about 206 trillion won in economic output, it said. The government will also boost spending on green technology products such as solar-powered batteries and hybrid vehicles, it said.
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Reported by Robert Klein

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