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South Korea's invested approximately *** billion South Korean won into green technology in 2024. While this figure represents a noticeable decrease from the previous year, the country has maintained its dedication to environmental innovation. The investment aligns with Korea's broader efforts to foster a sustainable and technologically advanced environmental sector.

Growth in South Korea’s environmental industry

Investment in green technology is part of a larger trend in Korea's environmental sector. As of 2023, there were over * establishments related to sustainable environment and resources in the country, marking a significant increase over the past decade. This growth is reflected in various subsectors, with around companies focused on environmental monitoring, analysis, and measurement equipment manufacturing.

Diverse environmental technology investments

South Korea's environmental technology investments span multiple areas, with waste management receiving the largest share, followed by air quality. The country's expertise in air quality management is particularly notable, with industry experts rating South Korea's technology level in this area at about ** percent in 2024. However, the budget for developing new coal power-related fine-dust reduction technology has seen a decline in the last few years.