South Korea to develop renewable energy sector
South Korea plans to strengthen its new and renewable energy sectors.
According to South Korea president Lee Myung-bak, the solar power industry will be nurtured as the semiconductor industry had been nurtured, and the wind power industry will be developed similar to the shipbuilding industry.
The government plans to set up four or five test beds for solar and wind power generation in 2011 with an investment of US$17.7 million.