It seems like Korea is dead set on improving the country's energy utility and infrastructure as the Ministry of Trade, Industry and Energy announced that it would increase the investments of state-owned energy utility companies in the country's utility sector to KRW 6.4 trillion early this year. The move is aimed mainly at developing renewable energy sources, improving the efficiency of Koreas power facilities, and improving the economy through the creation of new businesses for small and medium ventures. Looking back over ten years ago, the South Korean government passed the Act on the Promotion of the Development, Use and Diffusion of New And Renewable Energy with the sole goal of becoming one of the five largest producers of new and renewable energy.
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