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South Korea to Double Investment in Clean Energy by 2021

South Korea to Double Investment in Clean Energy by 2021

SEOUL, June 3 (Korea Bizwire) – South Korea will spend more than 1 trillion won (US$841 million) by 2021 on research and development of clean energy as part of international efforts to reduce greenhouse gas emissions and fight climate change, the government said Friday. It will mark twice the amount earmarked for clean energy research [...]

Gov’t to Increase Support to Achieve Goal of 200,000 EVs by 2020

Gov’t to Increase Support to Achieve Goal of 200,000 EVs by 2020

SEOUL, Dec 21 (Korea Bizwire) – Beginning next year, the government will increase its level of subsidies given to electric vehicle buyers while extending the time limit for tax benefits by 2017. It will also support the auto industry to improve its EV capabilities so that the electric cars can drive up to 300 kilometers [...]