"The Ministry of Commerce, Industry and Energy, now the Ministry of Knowledge Economy, said that it plans to spend a total of 409.5 billion won on various renewable energy initiatives in 2006, a 26.3% increase from 324.2 billion won in 2005. 124.4 billion won would be set aside this year on developing new technologies such as fuel and photovoltaic cells and offshore wind turbines." (Quoted from article)