Seoul announced a K-GX (Korea Green Transformation) energy-transition and decarbonisation plan to 2035 with a headline price tag of 1,000 tln won (~$747bn). The plan reportedly includes 200 tln won of fiscal spending, more than 790 tln won of climate financing and a further 220 tln won of private-sector investment. Targets include 100 GW of renewable capacity by 2030 and electrified/hydrogen vehicles to exceed 70% of new-car sales by 2035. Policy support will focus on green steel, batteries, sol

Seoul announced a K-GX (Korea Green Transformation) energy-transition and decarbonisation plan to 2035 with a headline price tag of 1,000 tln won (~$747bn). The plan reportedly includes 200 tln won of fiscal spending, more than 790 tln won of climate financing and a further 220 tln won of private-sector investment. Targets include 100 GW of renewable capacity by 2030 and electrified/hydrogen vehicles to exceed 70% of new-car sales by 2035. Policy support will focus on green steel, batteries, solar, wind, hydrogen and small modular reactors and aims to accelerate decarbonisation of the five highest-emitting sectors: steel, petrochemicals, refining, cement and semiconductors & displays, while developing 10 green industries including EVs, power semiconductors and carbon capture.