South Korea unveils K-GX strategy to mobilise 1,000 trillion won for green transformation
ESG Today · 2026-10-08
Seoul's K-GX strategy aims to mobilise 1,000tn won (about $747bn) over ten years: 200tn from budgets, 570tn in state-backed climate finance and 230tn from private projects. It targets steel, petrochemicals and chips, plus 100GW of renewables. A close benchmark for Taiwan's similar industrial mix.
Vocabulary
Read source ↗- credit guaranteesa promise by a third party to cover a borrower's debt
- regulatory incentivesrules designed to encourage certain private investment
- industrial competitivenessa country's industries' ability to compete globally