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The Korea Herald
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THE INVESTOR
March 28, 2024

Economy

Gov’t to invest W100b in new energy tech

  • PUBLISHED :February 14, 2017 - 15:53
  • UPDATED :February 14, 2017 - 15:53
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[THE INVESTOR] The South Korean government will invest about 100 billion won (US$87.64 million) into empirical research on various energy technologies this year, officials said on Feb. 14.

The Ministry of Trade, Industry and Energy unveiled the investment plan during a meeting with energy experts at a regional office of Korea Electric Power Corp. in Seoul.

The plan calls for increasing the government’s spending on empirical research into new energy technologies by 24 billion won from last year to about 100 billion won in 2017, said the officials, noting that smart grids, new renewable energy and the energy storage system will be intensively studied.

(theinvestor@heraldcorp.com)

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