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S. Korea to Provide 420 Tln Won in Policy Loans for Carbon Emission Reduction by 2030

S. Korea to Provide 420 Tln Won in Policy Loans for Carbon Emission Reduction by 2030

SEOUL, Mar. 19 (Yonhap) — South Korea’s financial regulator unveiled an ambitious plan Tuesday to provide 420 trillion won (US$315 billion) in policy loans by 2030 to help reduce greenhouse gas emissions. Seoul has pledged to reduce its greenhouse gas emissions by 37 percent from business-as-usual levels. “There exist concerns that the global competitiveness of [...]

South Korea’s MZ Generation Embraces Green Ideals, but Lags in Action

South Korea’s MZ Generation Embraces Green Ideals, but Lags in Action

SEOUL, Mar. 12 (Korea Bizwire) – South Korea’s MZ generation, encompassing individuals aged 14 to 40, is reportedly more invested in environmental and climate change issues compared to older age groups. However, a recent study by Statistics Korea suggests that their efforts to reduce environmental pollution fall short compared to the actions of those aged 56 [...]

National Survey Reveals Overwhelming Concern Among Citizens for Climate Change and Plastic Pollution

National Survey Reveals Overwhelming Concern Among Citizens for Climate Change and Plastic Pollution

SEOUL, Mar. 11 (Korea Bizwire) – In a revealing glimpse into the collective psyche of a nation increasingly alarmed by the environmental crisis at its doorstep, a recent comprehensive survey has highlighted the deep concerns harbored by South Koreans over the twin perils of climate change and the burgeoning issue of plastic waste. This widespread apprehension [...]

Japanese Candy Found to Contain Radioactive Material Prior to Importation to South Korea

Japanese Candy Found to Contain Radioactive Material Prior to Importation to South Korea

SEOUL, March 9 (Korea Bizwire) – A small amount of cesium, a type of radioactive material, was detected in a Japanese confectionery product slated for import to South Korea, prompting the importer to cancel its plans, the food safety agency here said Friday. During radiation inspections for imported products, 1 bequerel (Bq) per kilogram of [...]

GCF Board Approves US$490 Mln Worth of Climate Projects in Developing Nations

GCF Board Approves US$490 Mln Worth of Climate Projects in Developing Nations

SEOUL, Mar. 7 (Korea Bizwire) — The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$490 million in funding for projects on low emissions and climate resilience in 23 developing nations, South Korea’s finance ministry said Thursday. During a three-day board meeting in Rwanda that began Monday, the board of [...]

Wildlife in Peril: Concrete Canals Become Death Traps Despite New Safety Laws

Wildlife in Peril: Concrete Canals Become Death Traps Despite New Safety Laws

DANGJIN, Mar. 4 (Korea Bizwire) – Large agricultural waterways are turning into lethal traps for wildlife such as water deer and raccoons, despite laws enacted last year mandating the creation of escape routes. In a recent field report from Dangjin, South Chungcheong Province, the harrowing sight of a water deer trapped in a concrete canal over [...]

Hyundai Launches ‘Colorful Life’ Campaign to Promote Biodiversity Conservation

Hyundai Launches ‘Colorful Life’ Campaign to Promote Biodiversity Conservation

SEOUL, Feb. 28 (Korea Bizwire) – Hyundai Motor has announced the launch of its ‘Colorful Life’ campaign, a four-day initiative aimed at raising awareness about biodiversity conservation. The campaign, which is being conducted in partnership with the Korea Green Foundation, will take place from February 26 to 29.  Designed to deepen the understanding of biodiversity among [...]

South Korea’s Bold Greenbelt Deregulation: New Horizons, or a Path to Environmental Peril?

South Korea’s Bold Greenbelt Deregulation: New Horizons, or a Path to Environmental Peril?

SEOUL, Feb. 23 (Korea Bizwire) – Starting as early as May, significant portions of greenbelt areas designated for strategic local projects are set to be deregulated. This unprecedented move will allow for unlimited greenbelt releases, and even high-conservation-value lands will see eased restrictions to attract investments. While the government justifies this initiative as a boost for [...]