News

As Korea goes green, what can Australia learn?

The Fifth Estate recently interviewed Dr Sung-Young Kim, a senior lecturer in International Relations at Macquarie University, on the Korean New Deal – Korea’s green economic recovery strategy.

The ₩160 trillion (A$186.7 billion) Korean New Deal aims to create 1.9 million jobs through projects such as developing 230,000 energy saving buildings and producing 1.13 million electric cars by 2025.

Dr Kim says that the Korean New Deal is “about the government singling to the market it believes green tech is the future and is a job creating mechanism.

“It’s about securing national competitiveness. And it’s about stabilising new industries to lift the country out of the COVID-19 crisis.”

Dr Kim sees the potential for Australia to adopt a similar strategy of nurturing green industries to “build a manufacturing base in Australia,” underpinned by a national plan to encourage the private sector to drive greener, technology projects.

Click here to read more.

AKBC Membership

AKBC welcomes new members from both the Australian and Korean business community.

Join now

What’s on

AKBC runs events on a regular basis to keep members informed about the latest developments in Australia-Korea trade and investment.

See events

AKBC Newsletter

AKBC issues a monthly newsletter about the latest trends and developments in the Australia-Korea relationship. Sign up to our free e-newsletter by entering your email below.

Australia Korea Business Council
PO Box 24430
Melbourne, Vic 3001 Australia
Liz Griffin – Executive Director
info@akbc.com.au

The Australia-Korea Business Council is the leading national body committed to strengthening the Australia-Korea economic relationship.