Tag: korea plans
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South Korea plans to cut its reliance on Middle crude oil imports to 50% by 2035
SEOUL, Sept 23 : South Korea aims to reduce its reliance on crude oil from the Middle East to 50 per cent by 2035, as Asia’s fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the Iran war, the Industry Ministry said on Wednesday. In its 10-year natural resources secu
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South Korea plans future fund fueled by chip boom
South Korea plans to channel windfall tax revenue from its booming semiconductor industry into a new future fund. The money would help finance major industrial projects and to support younger generations.
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