Korea said Tuesday it plans to invest around 5 trillion won ($4.5 billion) in research and development (R&D) projects in 2021 to foster new growth engines while seeking green growth.
The market is mixed on the New Deal fund, a 20-trillion-won pool of money that will be used to finance the building of infrastructure for the government's New Deal Policy initiative. It is a work in progress, with many questions hanging over it.
The author is a professor at the Graduate School of Green Growth, College of Business, KAIST and chairman of Coalition for Our Common Future. President Moon Jae-in vowed to include “green” industries in the Korean-style New Deal...
Ryu Kwon-ha, CEO of the Korea JoongAng Daily, right, and Frank Rijsberman, director-general of the Global Green Growth Institute (GGGI), shake hands after signing a memorandum of understanding at the GGGI headquarters in Jung District,