[THE INVESTOR] The South Korean government will expand infrastructure for electric vehicles, and roll out measures for encouraging companies to cut greenhouse gases as part of its plans to boost environment-related businesses in the second half of the year.

These and other related measures were included in the government’s economy-related plans for the second half revealed on June 28. 



Under the plans, a company that invests in alternative energy projects that lead to greenhouse gas reduction at other companies will be given additional carbon credits, while those that replace old facilities with high-energy efficiency equipment will be given preferential treatment in securing carbon credits.

For its plans for encouraging the use of electric vehicles, the government said that 210 billion won (US$178.2 million) will be injected into doubling the number of rapid-charging facilities from the current 500 to 1,000.

By Choi He-suk (cheesuk@heraldcorp.com)