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Searching for Green Value
OECD members discuss the future of green economy in Seoul
Searching for Green Value
  • By matthew
  • April 15, 2010, 16:08
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Prominent international experts on green growth convened in Seoul for a workshop Korea co-hosted with the Organization for Economic Cooperation and Development (OECD) to examine the consequences that green growth will have on the world’s economy and industries.

In his speech, Rim Che-min, Vice Minister of Knowledge Economy, praised Korean companies for their dedicated efforts to transform Korea’s economy. He also encouraged member countries to join forces to develop new technologies and foster the market to support them.

“Korea is at a critical point,” said Vice Minister Rim. “Our maturing economy demands new drivers of growth innovation. I believe the answer can be found on the path towards green growth.”

Current and future examples of green technology both here and abroad include eco-friendly cars, information technology for energy efficiency and FINEX, a ground-breaking technology that saves time and energy and produces less GHG emissions than traditional steelmaking procedures. Korea has provided active leadership in OECD’s efforts to promote green growth, having served as chair of the OECD Ministerial Council Meeting in June last year when member countries adopted a declaration on green growth.