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South Korea's SK bets $16bn on hydrogen: Five things to know

Company to build world's biggest production plant for green energy source

South Korea's SK Group plans to invest 18 trillion won ($16 billion) over the next five years to develop the country's hydrogen energy industry. (Source photo by Reuters) 

SEOUL -- South Korea's SK Group has said it will invest 18 trillion won ($16 billion) over the next five years to develop the domestic hydrogen energy industry. The country's third-largest conglomerate aims to become a leader in the emerging clean-energy source, which is attracting attention from businesses and policymakers around the world, most notably in Japan, but also in China and Europe.

Here are five things to know about SK's ambitious project.

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