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Archive by category Sustainability

Government Aims to Stimulate Greenhouse Gas Emission Trading with Exchange-Traded Funds

Government Aims to Stimulate Greenhouse Gas Emission Trading with Exchange-Traded Funds

SEOUL, Sept. 20 (Korea Bizwire) – The government plans to permit the sale of exchange-traded funds tracking the greenhouse gas emission trading market beginning next year as part of efforts to activate the country’s sluggish emission trading, officials said Wednesday. The move by the government’s emission rights allocation committee comes as trading prices of the [...]

Instagram Study Exposes Greenwashing by Major Companies, Misleading Consumers

Instagram Study Exposes Greenwashing by Major Companies, Misleading Consumers

SEOUL, Aug. 29 (Korea Bizwire) — A recent study found that four out of every 10 Instagram accounts belonging to large companies in South Korea were found to be posting misleading environmental content, a practice known as “greenwashing.” This often confuses consumers, making them think the companies are more environmentally friendly than they actually are. [...]

Civic Groups Demand Global Action to Halt Release of Radioactive Water in Japan

Civic Groups Demand Global Action to Halt Release of Radioactive Water in Japan

SEOUL, May 17 (Korea Bizwire) — Members of the Joint Action to Stop Japan’s Radioactive Contaminated Water Dumping at Sea convened a press conference on Wednesday at Gwanghwamun Square in Jongno-gu, Seoul, passionately advocating for an immediate cessation of Japan’s hazardous practice of releasing radioactive contaminated water into the sea. This urgent call to action [...]

Contaminated Water Crisis: Japan’s Plan to Release Fukushima Water into the Ocean Sparks Concerns and Backlash

Contaminated Water Crisis: Japan’s Plan to Release Fukushima Water into the Ocean Sparks Concerns and Backlash

SEOUL, March 25 (Korea Bizwire) — In 1993, it was discovered that the Soviet (now Russian) Navy had dumped approximately 1,000 tons of radioactive nuclear waste in the East Sea, 190 kilometers southeast of Vladivostok. Although the Soviet Union claimed that the concentration of nuclear waste released was lower than the International Atomic Energy Agency (IAEA) [...]

Seoul Citizens Kick Off ‘No Plastic’ Campaign

Seoul Citizens Kick Off ‘No Plastic’ Campaign

SEOUL, March 23 (Korea Bizwire) — About 1,800 Seoul citizens made a joint declaration to reduce the use of plastics at the Han River and streams in the Seoul area. The Seoul Metropolitan Government on Wednesday hosted a special event marking World Water Day to celebrate the “No Plastic Han River” joint citizen action day. [...]

Seoul to Finance Program Giving 400-won Discount for Beverages Bought in Personal Cups

Seoul to Finance Program Giving 400-won Discount for Beverages Bought in Personal Cups

SEOUL, March 20 (Korea Bizwire) — The Seoul city government will launch a waste reduction program this year, giving a discount of 400 won (US$0.3) to consumers who buy beverages in reusable personal cups at cafes, officials said Monday. The program is intended to encourage cafe-goers to use personal tumblers, instead of disposable cups, to [...]

Grassland Area in Korea Continues to Decrease, Jeju Island Hit the Hardest

Grassland Area in Korea Continues to Decrease, Jeju Island Hit the Hardest

SEOUL, March 13 (Korea Bizwire) —According to recent findings, the grassland area in Korea, which serves as a representative carbon sink in the agricultural sector, is steadily decreasing. As of 2022, the national grassland area had declined to 32,124 hectares, a decrease of 376 hectares from 2021, slightly larger than Seoul’s financial hub of Yeouido [...]

Samsung Electronics Set to Present ESG Activities at Shareholders’ Meeting

Samsung Electronics Set to Present ESG Activities at Shareholders’ Meeting

SEOUL, March 12 (Korea Bizwire) —Samsung Electronics is taking steps to incorporate environmental, social, and governance (ESG) practices into its upcoming 54th regular shareholders’ meeting. The meeting, scheduled for March 15, will feature efforts to reduce paper usage by replacing mail related to the meeting with electronic announcements. The initiative is expected to save approximately [...]

Samsung Unveils Discount Policy to Encourage Return of Old Home Appliances

Samsung Unveils Discount Policy to Encourage Return of Old Home Appliances

SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics Co.’s Brazil office on Monday (local time) unveiled an online store-dedicated discount policy to promote the recycling of old home appliances. The new program, dubbed EcoTroca, provides a discount coupon to consumers who return old home electronics as a way to encourage their disposal in a proper and sustainable [...]

Samsung Aims to Use 100 pct Recycled Plastics in All Its Mobile Phones by 2050

Samsung Aims to Use 100 pct Recycled Plastics in All Its Mobile Phones by 2050

SEOUL, Feb. 13 (Korea Bizwire) — Samsung Electronics Co. said Monday it aims to broaden the use of eco-conscious materials to all its smartphone products in the coming years. The world’s largest smartphone maker said it plans to use recycled plastic materials in all its new flagship Galaxy smartphones and stop using plastics in packaging [...]