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Archive by category Environment

KOICA to Inject US$6.4 mln to Back Vietnam’s Green Growth Efforts

KOICA to Inject US$6.4 mln to Back Vietnam’s Green Growth Efforts

SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s state overseas aid agency said Thursday that it plans to inject US$6.4 million into Vietnam’s efforts to enhance industrial energy efficiency and promote environmentally friendly growth until 2025. The funds will be used to examine about 20 energy-intensive businesses in Vietnam to check their energy efficiency and [...]

SK Innovation-backed Social Venture Develops Eco-friendly Seaweed Byproduct Egg Tray

SK Innovation-backed Social Venture Develops Eco-friendly Seaweed Byproduct Egg Tray

SEOUL, Feb. 11 (Korea Bizwire) — An eco-friendly egg tray made by Marine Innovation Co., a social venture supported by SK Innovation Co., a South Korean refinery-to-battery company, was recently honored at the 2021 WorldStar Global Packaging Awards. The WorldStar Global Packaging Awards are held annually by the World Packaging Organization (WPO) to promote the [...]

SK Global Chemical Joins Hands with Local Firm to Reduce Logistics Waste

SK Global Chemical Joins Hands with Local Firm to Reduce Logistics Waste

SEOUL, Feb. 9 (Korea Bizwire) — SK Global Chemical Co., a chemical affiliate of South Korea’s energy giant SK Innovation Co., has teamed up with a logistics company to accelerate its environmental, social and governance (ESG) management by establishing a virtuous cycle system for the reduction of logistics waste. The company announced on Monday that [...]

Collection of Cardboard Delivery Boxes Up Sharply amid Pandemic

Collection of Cardboard Delivery Boxes Up Sharply amid Pandemic

INCHEON, Feb. 5 (Korea Bizwire) – In the midst of an increase in the number of parcel delivery service users resulting from the prolonged COVID-19 outbreak, the collection of cardboard delivery boxes by resource collection facilities in the port city of Incheon has marked a sharp increase. The city-run Environmental Corporation of Incheon’s Songdo-based facility [...]

Plastic Waste Surges as Meal Kits Gain Popularity

Plastic Waste Surges as Meal Kits Gain Popularity

SEOUL, Feb. 3 (Korea Bizwire) — Surging demand for prepared food following the coronavirus outbreak have resulted in a booming home meal replacement (HMR) market. The popularity of meal kits, in particular, has soared. Meal kits come with all the ingredients needed for cooking, allowing customers to easily cook even the most difficult cuisines by [...]

Cosmetics Industry Takes ‘Plastic Initiative’ to Promote Circular Economy

Cosmetics Industry Takes ‘Plastic Initiative’ to Promote Circular Economy

SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s cosmetics industry is stepping up efforts to promote the circular economy, including the reduction of plastic packaging and the recycling of resources. The Korea Cosmetic Association, L’Oreal Korea, AmorePacific Corp., Aekyung Industrial Co. and LG Household & Health Care Ltd. jointly declared the ‘2030 cosmetics plastic initiative’ [...]

Renewable Energy Generation Remains Insignificant Despite Gov’t Push

Renewable Energy Generation Remains Insignificant Despite Gov’t Push

SEOUL, Jan. 25 (Korea Bizwire) — While renewable energy generation facilities are expanding rapidly on the back of the government’s policy to expand the distribution of new and renewable energy, the share of renewable energy among total power generation still remains negligible. The overall capacity of the nation’s renewable energy facilities expanded by 4,485 megawatts [...]