South Korea sees green and digital path to build back better

South Korea’s high mobile and broadband penetration has helped limit the coronavirus blow to household spending as online and mobile platforms flourished. — AFP

South Korea aims to focus on green and digital industries as it looks to boost its standing in the global economy, according to a senior policy maker working on next year’s economic plan.

The government is putting together a list of industrial priorities that would raise the economy’s growth potential, while taking advantage of a speedier-than-expected recovery from the pandemic, Lee Hyoung-il, director general at the finance ministry’s policy bureau, said in a phone interview.