South Korea has announced a 1,000 trillion won ($746 billion) funding package to cut emissions and modernize industry through 2035. The plan targets cleaner steel, advanced batteries, low-carbon power, and grid improvements, with the first green treasury bonds planned for 2028. Companies have pledged an additional 220 trillion won in investment. The package is part of a broader push that includes a 2040 greenhouse gas reduction target of 69-80% and a voluntary carbon credit exchange. Key questions are how much of the funding goes to transmission and storage, and whether the corporate pledges are firm. For anyone tracking Asian climate finance and industrial decarbonization, this is a major policy signal.
