Korea announces boost to services sector

Korea's Ministry of Strategy and Finance reveals details of its $19.6 billion plan for the economy's new growth engines.

Against a background of increasing tension with North Korea, the South Korean government on Wednesday unveiled its plans for the 17 industries that it designated as the new growth engines for the economy last January. They fall within three broad categories -- green technologies, converged industries and high valued services -- and W24.5 trillion $19.6 billion has been allocated to them for the next four years.

Green technologies range from the promotion of renewable energy to building...

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