South Korea's Lee chairs public report on K-GX green transition strategy
In short
President Lee Jae-myung chaired a public report in Seoul on October 7 presenting the Korean-style Green Grand Transition (K-GX) strategy and the K-GX Signature Project private investment plan. About 80 people attended, including Deputy Prime Minister and Finance Minister Lee Hyung-il, Climate, Energy and Environment Minister Kim Sung-hwan and Korea Chamber of Commerce and Industry chairman Chey Tae-won. Companies Hanwha Qcells, POSCO Holdings, LG Electronics and Samsung Electronics presented project plans; the documents did not give investment amounts or targets.
Why it matters
The report puts a presidential-level strategy for green industry and private investment on the public agenda, with four large companies named as participants. The documents describe the agenda and participants but give no figures, so the scale and effect of the plan cannot be assessed from this coverage.
Key facts
- President Lee Jae-myung chaired a public report on October 7 on the K-GX strategy and the K-GX Signature Project private investment plan. [ 1 , 2 , 3 ]
- The event was held under the slogan “Beyond the climate crisis to a green future, K-GX”. [ 1 , 2 ]
- About 80 people attended from government, industry and expert circles, including Deputy Prime Minister and Finance Minister Lee Hyung-il, Climate, Energy and Environment Minister Kim Sung-hwan and Korea Chamber of Commerce and Industry chairman Chey Tae-won. [ 1 , 2 ]
- Lee presented K-GX as one of three visions of the “K Initiative” in his keynote speech at the 81st UN General Assembly in New York on September 22. [ 1 , 2 ]
- Chey Tae-won spoke as head of the private consultative body of the public-private K-GX promotion team, calling for a cycle in which AI speeds up the green transition and the green transition supports the AI industry's growth. [ 2 ]
- Hanwha Qcells presented on localising core clean power materials and perovskite tandem solar cell technology; POSCO Holdings on building a decarbonised industrial ecosystem based on steel GX; LG Electronics and Samsung Electronics on expanding GX in residential spaces. [ 1 ]
Confirmed by several sources
- President Lee Jae-myung chaired a public report on the K-GX strategy and the K-GX Signature Project on October 7. [ 1 , 2 , 3 ]
- The event's slogan was “Beyond the climate crisis to a green future, K-GX”. [ 1 , 2 ]
- Government attendees included Deputy Prime Minister and Finance Minister Lee Hyung-il and Climate, Energy and Environment Minister Kim Sung-hwan, and about 80 people attended from industry and expert circles. [ 1 , 2 ]
- Chey Tae-won of the Korea Chamber of Commerce and Industry attended, along with Hanwha Qcells, POSCO Holdings, LG Electronics and Samsung Electronics. [ 1 , 2 ]
- Lee had presented K-GX at the 81st UN General Assembly in New York on September 22 as one of three visions of the “K Initiative”. [ 1 , 2 ]
Still unclear
- Details and scale of the K-GX strategy and the K-GX Signature Project private investment plan. The documents list the agenda and themes but give no investment amounts, targets or timelines.
- Chey Tae-won's specific remarks and his role as head of the private consultative body. Reported only by SBS News; the other documents do not include his comments.
What local media are saying
Timeline, local time
- Yonhap publishes its report on the K-GX public report chaired by President Lee. [ 1 ]
- SBS News publishes its report, adding Chey Tae-won's remarks on AI and the green transition. [ 2 ]
- Korea Economic Daily carries a photo headline on the K-GX public report; the accompanying article text covers unrelated stories. [ 3 ]