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South Korea to invest £21bn in UK green energy, infra.
- Source :
- IJGlobal; 12/11/2023, pN.PAG-N.PAG, 1p
- Publication Year :
- 2023
-
Abstract
- South Korea's sovereign wealth fund and several businesses are planning to invest £21 billion in UK green energy and infrastructure projects as part of a new trade agreement between the two countries. The investment aims to strengthen the UK and South Korea's trading relationship and includes funding from various entities for renewable energy, green infrastructure, waste management, project finance, investment banking, and securities. The UK government sees this investment as an opportunity to deepen trade links with dynamic economies in the Indo-Pacific region and mitigate against future economic shocks. In return, the UK has pledged to provide expertise in offshore wind construction to South Korea. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 20554842
- Database :
- Complementary Index
- Journal :
- IJGlobal
- Publication Type :
- Periodical
- Accession number :
- 174161888