Korean government to give more weight to new renewable energy in energy plan

South Korea’s Knowledge Economy Minister Hong Suk-woo said that the government will attach more weight to expanding the new renewable energy in its energy plan. “The first government energy plan is completed, and the second plan has to be set up within this year,” Minister Hong at a meeting held by the Korea International Trade Association (KITA) Friday.

“The government has to decide the magnitude of each energy resources such as nuclear and renewable energy in the plan,” Minister Hong noted. “Although renewable energy projects face difficulties in several aspects, the government intends to expand the use of renewable energy as it is a direction that the country must be headed for”.

“The idea of ‘shared growth’ between large conglomerates and small- and mid-size businesses (SMBs) is taking root,” the minister added. “Shared growth has to be established as culture although it still needs structural and systematic efforts”.

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