Financial Soultions: South Korea is turning pollution control into big business.

Sept. 30, 2009 - PRLog -- South Korea, one of the world's quickest expanding carbon emitters, is attracting strong investor interest as the administration pumps billions of dollars into green schemes, cashing in on state incentives and the global drive toward renewable energy, Financial Soultions has learned.

Some of the traditional big names such as LG Chem and Samsung SDI, which have already instituted a strong presence in rechargeable batteries, are now being joined by some of the less traditional players such as, Hyundai Heavy Industries and the Samsung Group on new projects from batteries to solar and wind.

Shares in companies involved in the environmental shove have seen sharp increases, but forecasters feel more gains are expected as Seoul looks to leverage off the country's existing high-tech infrastructure and become a global green industry leader, with an eye to playing a strong role in carbon credit trading on global markets, Financial Soultions believes.

Korea has been setting financial incentives such as tax breaks to promote its technology powerhouses such as Samsung Electronics and LG Electronics to support its drive for global green leadership.

"We think the most realistic and effective way of realizing green growth is through IT. IT is a major axis of green growth," said Sang-hyup Kim, secretary at the presidential office in a statement Financial Soultions is aware of.

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