FILE PHOTO: South Korean President Moon Jae-in speaks during a Memorial Day ceremony at the national cemetery in Daejeon, South Korea, June 6, 2020. Lee Jin-man/Pool via REUTERS/File Photo
July 14, 2020
SEOUL (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.
(Reporting by Hyonhee Shin and Cynthia Kim; Editing by Muralikumar Anantharaman)
