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S. Korea hosts global business fair on clean energy

All Headlines 10:20 September 05, 2016

SEOUL, Sept. 5 (Yonhap) -- South Korea opened a three-day business fair Monday where hundreds of business and government representatives from nearly 50 countries will gather to exchange information and hold business meetings.

The Global Green Hub Korea will be held until Wednesday with over 160 business and government officials from 47 countries seeking to find the right products or a South Korean contract for their upcoming projects, according to the state-run Korea Trade-Investment Promotion Agency (KOTRA).

The three-day fair, the fifth of its kind, will also be attended by some 500 South Korean businesses in the clean and renewable energy sector.

The government-hosted fair largely seeks to match South Korean contractors with foreign governments and their developers, who are expected to spend up to US$12 trillion over the next 15 years to meet their emission reduction requirements under the so-called Post 2020 climate agreements signed late last year.

Over the past two years, the business fair helped South Korean firms win some $220 million worth of global projects.

This year, the participating companies will hold over 1,000 one-on-one business meetings, with global developers bringing projects worth nearly $11 billion to the table, KOTRA said.

bdk@yna.co.kr
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