The Coming Crisis in Finance and Energy: Korea as a solution for East Asia?

Frank, Ruediger; Selden, Mark; Young-jin, Oh
September 2008
Asia-Pacific Journal: Japan Focus;9/1/2008, Issue 35, p4
The article focuses on South Korea's prioritization of nuclear power expansion and other responses to the contemporary energy and financial crises facing the nation. In 2006, Korea announced construction of the world's largest tidal power plant followed and the world's largest solar power station to be built. In 2007, it announced plans to increase renewable energy from present two percent levels to nine percent by 2030, although such lofty plans were met with skepticism. Korea plans to build 10 more nuclear power plants by 2030 and to raise its reliance on alternative energy sources five-fold in order to wean itself from fossil fuels.


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