Government to Announce Korean Green Transformation Strategy in First Half of Year

On May 15, the government announced that it had held a working group meeting of the pan-governmental and private consultative bodies of the Korean Green Transformation (K-GX) Promotion Task Force and reviewed the status of preparations for the K-GX strategy.

On January 28, a joint launch ceremony for the public-private K-GX Promotion Team was held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, in collaboration with major industrial associations to establish the 'K-GX (Green Transformation) Strategy.' Ministry of Finance and Economy

Based on the feedback raised during this meeting, the government plans to discuss the matter with relevant ministries and private consultative bodies, establish the K-GX strategy, and announce it within the first half of the year.

During the meeting, the Korea Chamber of Commerce and Industry shared and discussed the leading initiatives it had compiled through communication with major industry-specific associations and organizations in sectors such as steel, petrochemicals, cement, and semiconductors, as well as suggestions addressed to the government.

Lee Hyungil, First Vice Minister of the Ministry of Finance and Economy, stated, "We will develop an effective strategy so that the K-GX initiative can serve as a foundation for driving private sector innovation and creating new growth engines," adding, "In particular, since the success of the green transformation depends on the innovation capacity of companies, the government will provide full support to achieve tangible results at an early stage." He also called for active participation from businesses.

Lee Ho-hyun, Second Vice Minister of the Ministry of Climate, Energy and Environment, said, "Due to conflicts in the Middle East, securing energy security and leadership in the power sector has become a national priority for Korea," and emphasized, "Both the government and companies must make concerted efforts through the K-GX strategy to achieve sustainable economic growth."

This content was produced with the assistance of AI translation services.