South Korea plans to increase support for LED and other environmental protection industry

South Korean Ministry of finance planning 10 announced, consider providing more support for the two or three environmental protection industry, hybrid vehicles, LED will be elected may have in the industry, and within a few years the development of commercial scale market competitiveness is the evaluation criteria. The Ministry of Finance pointed out that the selected industry will obtain the more financing, tax incentives and other incentives policy.

The South Korean government announced earlier this week that it plans to spend 2% of its gross domestic product (GDP) annually in the environmental protection industry in 2020 to achieve the goal of becoming the world's top 7 environmental protection countries in the year to come.