Last update date 12 November 2021
The Korean government established 3 funds to achieve the Korean New Deal objectives of 1) creating jobs in traditional and newly emergying digital /green sectors, 2) build infrastrucutres for a digital/green transition, 3) transform South Korea into a leader economically post-COVID-19. It is expected that a part of this fund will be dedicated to New Deal-related cluster activities.
1) A 20-trillion won (EUR 147.5 million) public-sector fund for projects and businesses through public offerings at low risk.
2) An infrastrucutre fund for digital and green projects, including projects relating to safety management system, smart collective warehousing solutions, data centers, ‘contactless’ business facilities, development of new renewable energy sources, green smart schools, hydrogen fueling stations, etc.
3) A government-led initiative to boost private sector investments in new deal projects through on-site support teams that facilitate private sector investments.