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S. Korea’s Tallest Skyscraper Receives Eco-friendly Certification

S. Korea’s Tallest Skyscraper Receives Eco-friendly Certification

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 [...]

Lotte to Develop Large Casino Resort Complex in Busan

Lotte to Develop Large Casino Resort Complex in Busan

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, [...]

Korean EV Market Lags due to High Prices and Low Driving Range

Korean EV Market Lags due to High Prices and Low Driving Range

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 Strengthens Restrictions on Mountainous Areas

Jeju Strengthens Restrictions on Mountainous Areas

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 [...]

Foreign Investors, Owner Family to Enjoy Big Dividend Windfall

Foreign Investors, Owner Family to Enjoy Big Dividend Windfall

  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’s ‘Green’ Ambition: Reducing One-ton of CO2 Emission Per Citizen

Seoul’s ‘Green’ Ambition: Reducing One-ton of CO2 Emission Per Citizen

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 Civic Group Turns Waste into Souvenirs to Raise Funds for Library

Jeju Civic Group Turns Waste into Souvenirs to Raise Funds for Library

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 [...]

Uljin and Bonghwa Confirmed As Habitat for Endangered Mountain Goats

Uljin and Bonghwa Confirmed As Habitat for Endangered Mountain Goats

DAEGU, Korea, Jan. 20 (Korea Bizwire) — It has been confirmed that at least 68 mountain goats (Naemorhedus goral raddeanus) inhabit the mountainous area in the north of Gyeongsangbuk-do Province. Mountain goats are currently classified as a category 1 endangered species in Korea, which corresponds to the Critically Endangered (CR) and Endangered (EN) classifications from the International [...]