ONE of the KEY PILLARS of the Korean New Deal is "GREEN" aimed at ADDRESSING climate change and BOOSTING SUSTAINABLE and ENVIRONMENT-friendly ECONOMIC growth.
For more on this INITIATIVE I have our economics correspondent Kim Dami here in the studio.
Good afternoon, Sunhee.
Dami Korea's New Deal is all about GOING digital and green.
And I hear Seoul's Environment Minister has addressed the TIMING of this PROJECT?
Right Sunhee. The South Korean government says now is the most appropriate time to roll out the 5-year, 61 billion dollar spending plan.
It hopes the Green New Deal will be a stepping stone for the nation to take the global lead and prepare for the post-pandemic era.
Let's take a listen.
(KOREAN - )
"The Green New Deal aims to overcome both the economic crisis caused by COVID-19 and the climate and environmental issues that have arisen from the pandemic."
Plus, the government notes that the climate and environmental issues that have emerged during the global crisis are hinting at the need for a structural paradigm shift.
With the Green New Deal, South Korea aims to transform itself into a global pace-setter and lead sustainable, eco-friendly growth in the post-pandemic era, which includes the goal of net-zero carbon emissions.
Now for more details on how the government plans to achieve those goals.
A part of the plan includes building green smart schools.
Tell us more.
Right, remote learning has become part of the new normal now.
And to better suit such a learning environment, plans are in motion to convert old schools into smart, eco-friendly facilities.
WiFi will be installed at ALL elementary, middle and high schools nationwide by 2022.
Around 12-hundred public schools will get some 240-thousand tablet computers.
The government also plans to establish an online education platform utilizing big data, that provides each student with customized education.
Also, old public schools across the country will be remodeled into zero-carbon green schools.
Topped with solar panels, these green schools will also be equipped with energy-saving infrastructure.
(KOREAN - )
"The Moon administration will successfully establish green and smart future schools, so that our children can grow and learn in a happy environment."
And I hear it's not just schools.
The project also includes the remodeling of public facilities?
To further encourage energy efficiency, a wide range of public facilities will be retrofitted with eco-friendly power and materials.
For example, old healthcare centers will be equipped with solar panels and eco-friendly materials like energy-efficient insulators.
Around four.five billion U.S. dollars will be poured into the endeavor, with the hopes of creating 120-thousand new jobs.
And let's talk about the country's plan to EASE its carbon footprints over the next five years.
Our main source of energy will SHIFT from fossil fuels to RENEWABLE sources?
Right, renewable sources -- mainly solar, wind and hydrogen -- will be the country's go-to energy source.
And specifically, South Korea will bet on the eco-friendly future mobility market.
(KOREAN - )
"Despite the downturn in the global auto market amid COVID-19, Korea's electric car and hydrogen car sales in the first half of 2020 rose by around 80 percent and 70 percent respectively. The government will exert all efforts to turn our eco-friendly car industry into a global leader."
More eco-friendly future cars will be secured, including over a million electric vehicles.
South Korea will supply 200-thousand hydrogen vehicles and set up around 450 charging stations across the country.
Electric cars will also become a more common sight here in the country.
The government will secure over one.1 million electric cars including taxis, buses and cargo trucks.
Research and development efforts will focus mainly on electric car components and fuel cells for hydrogen cars.
In addition, three new hydrogen cities will be constructed in Korea, to further support the development of hydrogen technologies.
The government will also adopt green technology for buildings and city infrastructure, with the aim of establishing 25 'smart green cities' nationwide.
That includes building over 17-hundred green factories with emissions-reducing technology.
Nine-thousand facilities that reduce fine dust at small factories will also be newly installed.
Alright thanks for sharing the details of the Green New Deal with us today.
Hope to speak to you soon.