South Korea plans to increase support for environmental industries such as LED


    The Ministry of Planning and Finance of the Republic of Korea announced on the 10th that it would consider providing more support to two or three environmental protection industries, and that hybrid vehicles and LEDs will be the industries that may be selected, and whether it has the market competitiveness that has developed commercial scale within a few years. It is the standard of evaluation. The Ministry of Finance pointed out that the selected industries will be able to obtain more incentives such as financing and tax incentives.

    The South Korean government announced earlier this week that it plans to put 2% of its gross domestic product (GDP) into the environmental protection industry every year to achieve its goal of becoming the world's top seven environmentally friendly countries by 2020.
    (Edit: Sandwich)

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