Being held in Seoul this week is a joint Korea-OECD workshop tilted ‘Delivering Green Growth: Seizing New Opportunities for Industries’, which according to the program -

“…will address essential policy questions in moving towards green growth, including the role of innovation for green growth; the challenges and opportunities for industries such as the automobile sector, the IT sector and the steel industry; the implications for job creation; as well as the policy strategies that can best help foster green growth.

Professionals and global industry leaders from all over the world will present their experiences and insights into future strategies for green growth.

Also, representatives from governments across the world will outline their strategies and discuss the prospects for multilateral co-operation to drive innovation and green growth.”

OECD-Korea Green Growth Workshop, March 4, 2010

OECD-Korea Green Growth Workshop, March 4, 2010

Based on the nation’s history of implementing five year plans, Korean President Lee Myung-bak announced the “five-year green growth plan,” in the middle of 2009.

Under the plan, Korea aims to spend KRW 107 trillion ($87 billion) on a variety of projects to reduce emissions and develop next-generation clean technologies.

With a focus on reducing the country’s heavy dependence on oil and gas imports, whilst also developing solar cell, hydrogen fuel cell, wind energy, and LED technologies.

For more information on Korea’s green growth policy and direction -

(Source: Ministry of Knowledge Economy, OECD, Cheong Wa Dae Youtube channel)