This document is Korea's development strategy to support the country’s 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.
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Korean New Deal
Summary
Documents
Document
Topics
Beta
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About this policy
Year
2020
Most recent update
14/07/2020
Geography
Response areas
Mitigation
Sectors
Energy, Finance, Industry, Transport, Urban, Water
Topics
, ,
Topics mentioned most in this policy Beta
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Targets 1
Note
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.