These kinds of developments are great to see in Korea (from the Business Times)

GOLDEN Hope Plantations Bhd has formed a joint venture with a South Korean company to set up a biodiesel plant in the republic. The memorandum of understanding with H-Plus Bio Ltd was signed yesterday, the company said in its filing to Bursa Malaysia

Under the joint venture, the parties will set up a plant in Yeosu, South Korea, with the capacity to produce at least 150,000 tonnes of biodiesel per year.

Palm-based products will be used as the primary feedstock.

It might make sense for densely populated and highly oil dependent countries without many natural resources to be the pioneers in the renewable energy systems area. It would need real sustained government support though to be a success.