Korea's power, tech giants pool $40b public fund for renewables push

It aims to grab the global lead.

South Korea aims to vault from laggard to leader in the renewable energy industry, as Seoul prepares to hook the country's tech giants up to nearly $40 billion in public funds in a bold plan to become a new global leader in green power.

Amid questions over the future of clean energy in the United States under President-elect Donald Trump, as well as China's appetite for cutting fossil fuel reliance, Seoul is accelerating into battery and 'smart' grid technology - vital to store and transmit power whose generation changes with the weather.

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