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South Korea: Renewable energy sales account for 0.2 pct of GDP in 2009 -- report.
Section: General News - South Korea's renewable energy sector sales accounted for a paltry 0.2 percent of the country's GDP in 2009 despite government efforts to boost the industry, a report said Friday.
The state-run Korea Energy Economic Institute (KEEI) report said combined sales of eco-friendly energy generation stood at little over 4.02 trillion won (US$ 3.38 billion) last year, or a global market share of 1.4 percent.
One of the chief reasons for the poor showing is that local companies lag behind overseas competitors in overall technological capabilities, even though Seoul has pushed for growth in solar and wind power generation, and started to invest in …
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