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Archive by category Environment

Forest Service Teams Up with Towns, Social Enterprises

Forest Service Teams Up with Towns, Social Enterprises

DAEJEON, Jun. 8 (Korea Bizwire) – The Korea Forest Service (KFS) will be pushing ahead with plans to foster local towns and social enterprises that take advantage of forest products. The KFS revealed today that it will support 18 community and social enterprises this year, expanding the figure to include 212 enterprises by 2022. According [...]

Sales of Eco-friendly Products Increase After Recycling Crisis

Sales of Eco-friendly Products Increase After Recycling Crisis

SEOUL, Jun. 8 (Korea Bizwire) — Sales of eco-friendly products spiked after national confusion over recycling last month, data from a leading online mall showed Friday. According to Gmarket, sales of some of the eco-friendly items nearly doubled in the April 5-May 4 period. Purchases of lidded silicone containers, for instance, increased 115 percent during [...]

Korea Development Bank Issues Green Bonds

Korea Development Bank Issues Green Bonds

SEJONG, May 30 (Korea Bizwire) — According to the Ministry of Strategy and Finance, the Korea Development Bank issued green bonds to domestic institutional investors yesterday. The total amount of bonds issued was 300 billion won and the coupon rate stood at 2.53 percent. Maturity is three years. Green bonds are special-purpose bonds with use [...]

S. Korea to Set Limits on Operation of Coal-fired Power Plants

S. Korea to Set Limits on Operation of Coal-fired Power Plants

SEOUL, May 23 (Korea Bizwire) — South Korea will adopt stronger regulations on aged coal-fired power plants and increase use of low-carbon fuels to reduce air pollution, the energy ministry said Wednesday. Paik Un-gyu, minister of trade, industry and energy, said the government will allow mayors and governors to set upper limits for the operation [...]