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Growing Carbon Market in Korea Faces Liquidity Challenges

Growing Carbon Market in Korea Faces Liquidity Challenges

SEOUL, March 13 (Korea Bizwire) – Carbon emissions trading is growing in South Korea as more companies are compelled to abide by the government’s scheme to reduce carbon-dioxide emissions, but many businesses fear they won’t meet emissions targets this year. Companies are required to have any emissions excess deducted from their permitted amount for the [...]

South Korean Web Users Draw Interesting Link Between President Park’s Impeachment and Numbers

South Korean Web Users Draw Interesting Link Between President Park’s Impeachment and Numbers

SEOUL, March 9 (Koreabiz Wire) – While the country awaits the Constitutional Court’s final verdict on the impeachment of President Park this Friday, some users on the South Korean web are raising somewhat bizarre yet interesting points as to how the numbers from one to ten symbolize every stage of the process of Park’s impeachment. The [...]

S. Korea’s Eco-City Project: Sejong City Ramps Up Efforts to Go Green

S. Korea’s Eco-City Project: Sejong City Ramps Up Efforts to Go Green

SEJONG, SOUTH KOREA, March 9 (Korea Bizwire) — Sejong City is revamping its image as an eco-city with the introduction of a new hydrological system that will purify rainwater using soil and pebbles. The Ministry of Environment (MoE) and the National Agency for Administrative City Construction (NAACC) announced plans yesterday to adopt low-impact development (LID) in [...]

Local Governments Encourage Use of Hydrogen-powered Cars

Local Governments Encourage Use of Hydrogen-powered Cars

  CHANGWON, March 8 (Korea Bizwire) – The Changwon municipal government will launch a series of hydrogen car projects in a bid to promote the use of alternative fuel vehicles, starting with the opening of a hydrogen station tomorrow. Changwon is the latest city in South Korea to join the recent trend of encouraging the use of [...]

Korean Organization Calls for Long Overdue Tree Insurance

Korean Organization Calls for Long Overdue Tree Insurance

  SEOUL, March 6 (Korea Bizwire) — Calls are growing for insurance that protects tree owners in the wake of recent incidents of natural disasters. According to Forestry Cooperative in Korea and Korea Forest Service, there’s currently no agricultural disaster insurance coverage in South Korea for tree owners in case of natural disasters such as [...]