SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s SK Group said Monday it has signed a partnership deal with the sovereign wealth fund of the United Arab Emirates (UAE) to establish a carbon credit market in Asia, as part of efforts to tackle climate change in the private sector. SK Group Chairman Chey Tae-won signed [...]
SEOUL, Jan. 6 (Korea Bizwire) — The government plans to slap a 150.9 billion-won (US$118.9 million) fine on the country’s leading refinery, Hyundai Oil Bank Corp., for discharging wastewater with unsafe levels of toxic materials, officials said Friday. The fine is around 1 percent of the company’s annual sales and is the largest amount ever [...]
SEOUL, Jan. 2 (Korea Bizwire) — The Ministry of Environment has distributed an educational and experience program manual for the exhibition of animals at zoos to municipal governments and zoos across the country. The exemplary cases of the manual indicate that the programs should be halted if visitors do not comply with control or if [...]
SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc. said Monday it had set up the Sustainability Reporting System (SRS) to comprehensively unveil its environmental, social and governance (ESG)-related data. The SRS will disclose the memory chip maker’s ESG strategies, objectives, activities, performance and policies. A variety of ESG information ranging from the point of orientation [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s SK Group said Sunday it will present more than 40 up-to-date low carbon emission technologies at the upcoming Consumer Electronics Show (CES) in Las Vegas early next month, highlighting its drive for the green energy transition. Eight SK affiliates, including SK Inc. and SK Innovation Co., and [...]
SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics Co. will present its vision for “sustainable innovation” at the Consumer Electronics Show (CES) next month, its top executive said Thursday, continuing its focus on developing products that are both highly connected and sustainable. As a major technology company, “Samsung Electronics has a responsibility to establish an [...]
SEOUL, Dec. 8 (Korea Bizwire) — To bring higher satisfaction to customers and to protect the environment, South Korea’s banking industry is changing how new year calendars for customers are distributed. Woori Bank, for example, made its 2023 calendar using eco-friendly paper certified by the Forest Stewardship Council. To ensure easy recycling, the triangular stand [...]
SEOUL, Nov. 25 (Korea Bizwire) — Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Thursday it has launched eco-friendly flight initiatives, including the deployment of aircraft mounted with highly efficient new engines. The company announced that the BX 747 flight from Incheon to Bangkok will be operated under the eco-friendly theme [...]
SEOUL, Nov. 23 (Korea Bizwire) — An environmental regulation banning plastic bags in large retail stores will be expanded to convenience stores starting this week while the use of disposable cups, cutlery and other items will be prohibited at restaurants and cafeterias, officials said Wednesday. The ban on plastic bags, currently applicable to stores with [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has finished testing an onboard carbon dioxide (CO2) capture and storage (OCCS) unit. The new system has been tested on a liquefied natural gas (LNG) carrier and is expected to help reduce greenhouse gas emissions, DSME [...]