S. Korea, Britain agree on closer cooperation to tackle climate change

South Korea and Britain agreed to forge closer cooperation to tackle climate change, Seoul's finance ministry said Friday.

The agreement was reached during a telephone discussion between Finance Minister Hong Nam-ki and British business minister Alok Sharma earlier in the day, the ministry said in a statement.

Next year, Britain will host the 26th United Nations Climate Change Conference and Sharma asked Hong to step up cooperation for a successful hosting of the conference, the ministry said.

Hong and Sharma also shared information on each other's post-pandemic economic recovery plans, the ministry said.

In July, South Korea said it will invest 160 trillion won ($134 billion) by 2025 under the bold stimulus package that will create 1.9 million jobs and kick-start the coronavirus-hit economy.

Unlike conventional infrastructure projects, the deal features 28 projects that will transform the nation's fossil fuel-reliant economy into an eco-friendly one and increase state investment in artificial intelligence and fifth-generation (5G) telecommunication services. (Yonhap)