South Korea's Ministry of Economy and Finance announced the launch of a Public-Private Joint K-GX Promotion Task Force, bringing together relevant ministries and major industry bodies to draft the K-GX (Green Transformation) Strategy and align delivery of the 2035 National Greenhouse Gas Reduction Target with economic growth objectives. The task force is intended to incorporate industry proposals into policy tasks, with the K-GX Strategy due in the first half of 2026. The initial policy direction spans major sectoral measures including expanded renewable energy deployment, demonstration of hydrogen-based direct reduced iron steelmaking, wider diffusion of hydrogen and electric vehicles, electrification of thermal energy, conversion of livestock manure into energy, and revitalisation of the timber industry. The government also signalled package support measures covering technology development, certification and standards, financial and tax support, and regulatory easing, alongside measures to support a just transition; the Korea Chamber of Commerce and Industry cited survey results showing 72% of member companies recognise the need for Korean-style GX policies and called for conditions that sustain investment. A dedicated department is planned within the Ministry of Climate, Energy and Environment to support formulation and implementation of the strategy.
Ministry of Economy & Finance (South Korea)2026-01-28
South Korea's Ministry of Economy and Finance launches public private K-GX Promotion Task Force to publish K-GX Green Transformation Strategy in H1 2026
South Korea's Ministry of Economy and Finance has launched a Public-Private Joint K-GX Promotion Task Force to draft the K-GX (Green Transformation) Strategy, aligning the 2035 National Greenhouse Gas Reduction Target with economic growth. Due in the first half of 2026, the strategy will include renewable energy expansion, hydrogen and electric vehicle diffusion, and financial and regulatory support, with a dedicated department planned to oversee implementation.