Korea to Invest $3.42 Billion U.S. in Clean Technology for 2010

South Korean manufacturing companies will invest more than 4 trillion won ($3.42 billion) in clean technology sectors next year, up from 3.2 trillion won this year, data from the Korean government showed on Monday.

The investments include spending on clean technology research and development and manufacturing facilities for solar cells, wind power and hydro-fuel cells, a government official said, adding that the data was gathered from a survey of Korean companies.

The report quotes an official with the ministry of knowledge economy as saying:

“The government will help private firms raise their investment in clean technology by preparing new policies to expand the industries, for instance requiring public buildings to consume renewable energy.”

Source:  http://uk.reuters.com/article/idUKTOE5BK03W20091221

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Posted by Tracey A. Smith on Dec 22 2009. Filed under Alternative Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry