S.Korea to spend $95 bln of govt funds by 2025 on green projects
14 Jul 2020 / 13:27 H.
SEOUL, July 14 (Reuters) - South Korea plans to spend 114.1 trillion won ($94.6 billion) of government funds by 2025 to promote environmentally friendly industries powered by digital technologies, including hydro cars, smart grids and telemedicine, President Moon Jae-in said.
The so-called "Green New Deal" projects are expected to create some 1.9 million jobs through 2025, Moon said on Tuesday. ($1 = 1,206.5000 won) (Reporting by Hyonhee Shin and Cynthia Kim; Editing by Muralikumar Anantharaman)
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