Last update date 12 November 2021
The Korean New Deal comprises three key strategies - the Green New Deal, Digital New Deal, and Stronger Safety Net. The Korean government implements various projects/measures under the Green New Deal, one of which is 'Innovation in the Green Industry' which aims to 1) promote prospective businesses to lead the green industry and establish low-carbon and green industrial complexes/clusters (green companies and industry, smart green industrial complexes, eco-friendly manufacturing processes), 2) lay the foundation for green innovation via the R&D and financial sectors (GHG reduction, fine dust response, promotion of resource circulation, green finance). Budget: 7.6 trillion won (EUR 56 million) including 6.3 trillion won (EUR 46.5 million) from the treasury will be invested by 2025, creating 63,000 jobs.