South Korea said Tuesday it will invest some 38 billion dollars over the next four years in "eco-friendly" projects to create jobs and boost its slumping economy.
The government unveiled what it calls "Green New Deals" following the first meeting of cabinet ministers this year, which was presided over by President Lee Myung-Bak.
The deals feature 36 projects including the creation of network of bicycle tracks, provision of two million energy-saving "Green Homes" across the country as well as the construction of facilities using gas from rubbish.
"The Green New Deals are a strong expression of the government will to exert all its efforts to ease people's pain and create jobs," Prime Minister Han Seung-Soo said in a statement.
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