SEOUL, March 10 (Korea Bizwire) — Major South Korean companies across manufacturing industries are accelerating their transition to a greener, more sustainable business as investors are increasingly taking account of environmental, social and governance (ESG) factors. ESG investing focuses on companies that support environmental protection, social justice and ethical management practices. Among the criteria, climate [...]
SEOUL, Jul. 20 (Korea Bizwire) — Marriott International said Friday the company will remove disposable plastic straws and plastic stirrers from its more than 6,500 properties by July next year, joining global efforts to reduce plastic pollution. The announcement came less than two weeks after Starbucks Coffee Co. vowed to eliminate single-use plastic straws from [...]
SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]
SEOUL, Jun. 22 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group received a green building certificate from a U.S.-based environment organization, Lotte Corp. said Wednesday. The 123-story Lotte World Tower received a Gold rating in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) system, the conglomerate [...]
SEOUL, Jul. 2 (Korea Bizwire) — Lotte Group will develop a large resort complex at the North Port of Busan, said a high-ranking representative of the group on July 1. The company has filed a proposal for the development project with the Ministry of Culture, Sports and Tourism, which has received 34 proposals, including Lotte’s, [...]
SEOUL, May 6 (Korea Bizwire) — While there are now 665,000 EVs in operation around the world, Korea is only home to about 3,000, representing a miniscule 0.45 percent of the global total in 2014, according to a report by IEA and the Ministry of Trade, Industry and Energy. Although the Korean government is planning [...]
JEJU, Apr. 23 (Korea Bizwire) – Jeju Special Self-governing Provincial Council is close to passing a revised bill which limits vast development in the central mountainous areas of Jeju Island. According to the revised bill, development will be restricted in areas designated as first and second level groundwater conservation areas and landscape conservation areas. However, development [...]
SEOUL, Feb. 22 (Korea Bizwire) – Foreign investors and owner families of South Korean business groups took away a dividend windfall as local firms jacked up dividend payouts under growing pressure to share more of their earnings with investors, data showed on Sunday. According to the data compiled by conglomerate tracker Chaebul.com, the [...]
SEOUL, Feb. 9 (Korea Bizwire) – The city government of Seoul said Monday it plans to reduce greenhouse gas emissions by 10 million metric tons over the next five years as part of efforts to help fight global warming. The pledge to be implemented by 2020 will be announced during the triennial plenary meeting of the [...]
JEJU, Feb. 9 (Korea Bizwire) – Discarded entrance tickets, flight tickets and specialty snack packages are selling as souvenirs, recalling memories of trips to Jeju. A cultural group in Jeju is holding an experimental event, selling garbage discarded by visitors as souvenirs to raise funds to help establish a local library. Place What?, a Jeju-based [...]