S. Korea allocates 30 trillion won to promote green energy, digital exports
South Korea will allocate 30 trillion won in trade financing to expand outbound shipments in green and digital sectors from $180 billion in 2019 to $250 billion in 2025.
Exporters in such fields could also avail of low-interest loans.
The country is eyeing to increase its overseas green energy projects from 15 GW in 2019 to 30 GW in 2025.
South Korea's target of going carbon neutral by 2050 is in line with the government's Green New Deal drive, which aims to achieve sustainable growth through eco-friendly policies.
The country is also earmarking 12.7 trillion won to fund digital New Deal projects in 2021, such as building nationwide 5G networks and fostering non-face-to-face industries.
Another 13.2 trillion won will help bolster green industries and eco-friendly projects.