MCEE $45.5m injection triggers $3.7b export goal

Green Fund hits $381m as MCEE targets overseas infrastructure projects.

South Korea's Ministry of Climate, Energy, and Environment (MCEE) announced a $45.5m (KRW 60b) investment into the Green Fund in 2026, aiming for $75.5m (KRW 100b) in total new investments with private sector participation.

The fund is a key part of the Green Transformation (K-GX) strategy, leveraging South Korea’s expertise in energy transition and carbon reduction to drive growth and exports.

By 2029, the Green Fund will total $381.5m (KRW 509.2b), with $227.5m (KRW 300.1b) from the government and $181.3m (KRW 209.1b) from private investment.

These investments are expected to generate over $3.7m (KRW 4.9t) in orders and exports, with 100+ small and medium-sized enterprises partnering with large corporations.

The fund supports overseas green infrastructure projects in energy transition, carbon reduction, circular economy, and water.

It provides equity investments and loans, while connecting Korean companies to international projects in equipment supply, EPC, and O&M.

As of late 2025, $110.6m (KRW 146.2b) has been invested in five projects, including eco-friendly ammonia production and energy storage systems in the US and Japan.

The Green Fund will play a key role in South Korea’s decarbonisation efforts, with continued government support for Korean companies’ global expansion.

In December 2025, a sub-project fund was created, enabling more targeted investments.

The government aims for the Green Fund to drive Korea’s green economy and serve as a model for international climate cooperation.