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Korean New Deal

Geography
Year
2020
Document Type
Policy

Documents

Document
Main document
Strategy

Summary

This document is Korea's development strategy to support the country鈥檚 recovery from the pandemic crisis and lead the global action against structural changes with the international community. The strategy aims to accelerate the transition towards a low-carbon and eco-friendly economy.

The Green New Deal part of the document notably seeks to make the country's infrastructure greener, increase the use of renewable energy, increase the share of electric- and hydrogen-powered vehicles, and promote sustainable practices in the business and finance worlds.

Under this plan, KRW 73.4 trillion should be invested by 2025.

Targets聽聽1

Note

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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.