Projection Action in Korea Accusing New Overseas Coal Financing

Seoul Overseas Coal Financing team carried out a projection action at KEPCO,Korea Electric Power Company, which is the largest power utility in the country. KEPCO has announced a plan to invest 3 new overseas coal plants; Sual in Phillipine, Vung Ang 2 in Vietnam, and Jawa 9 and 10 in Indonesia.

Greenpeace linked Korea overseas coal financing as one of the catalysts of Australia bushfires since Korea has been contributing to the expansion of coal plants, as the country of the third-largest to finance it with public finance, and also the fourth-largest consuming coal country in the world; 30% of coal coming from Australia.