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According to the "New Renewable Energy Development Strategy", South Korea plans to invest 40 trillion won to support the development of the new renewable energy industry from next year until 2015. Among them, the solar energy field will invest 20 trillion won, the wind energy field will invest 10 trillion won, the bioenergy field will invest 900 billion won, and the fuel cell field will invest 900 billion won. South Korea wants to cultivate 50 new renewable energy companies with an annual export volume of over 100 million U.S. dollars, expand the scale of export of new renewable energy resources to 36.2 billion U.S. dollars, create 110,000 jobs, and strive to make it the world's top 5 new renewables by 2015 Energy power.
On the 13th of the South Korean Green Growth Committee meeting hosted by South Korean President Lee Myung-bak on October 13, the Korean Ministry of Knowledge Economy and the Ministry of Environment submitted a report on the "New Renewable Energy Industry Development Strategy" to the General Assembly.