Oct. 13 (Bloomberg) -- Korea Electric Power Corp. and five units plan to invest 1.3 trillion won ($1.1 billion) by 2020 in carbon capture and storage to cut greenhouse-gas emissions, the South Korean government said.

Separately, the government will spend 100 billion won over five years in research and development for the technology, the Ministry of Knowledge Economy said today in an e-mailed statement.

To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net

Last Updated: October 12, 2009 22:01 EDT