Seoul to double foreign energy investment in '07 Date: Saturday, December 30 @ 05:20:11 PST Topic: Public Policy; Political and Legal News
Korea said on Friday it will invest 355 billion won ($381.9 million) in 2007 to secure foreign energy reserves, more than doubling the amount from this year as part of its push to cut dependency on overseas production.
The amount is up 115 percent from this year's 165 billion won investment, a statement by the Ministry of Commerce, Industry and Energy said.
