Reuters
July 14, 2020
South Korea outlined a plan on Tuesday to spend 114.1 trillion won (£75.38 billion) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.
The six-year plan will build digital infrastructure and a stronger safety net for job seekers, but its “Green New Deal” aspects have drawn attention as they aim to cut heavy reliance on fossil fuels in Asia’s fourth-largest economy.