SEOUL, April 29, (Korea Bizwire) — The fallout from a major hacking incident at SK Telecom is set to trigger a significant environmental cost, with greenhouse gas emissions from mass SIM card replacements projected to reach thousands of tons, according to industry estimates released Monday. Approximately 23 million SK Telecom subscribers and an additional 1.87 [...]
SEOUL, March 31 (Korea Bizwire) — Carbon dioxide emissions from forest fires in South Korea have nearly doubled compared to last year’s total, raising concerns about a potential feedback loop where climate change and wildfires accelerate each other’s impacts. According to Our World in Data, South Korean forest fires released 2,345,182 tons of carbon dioxide through March [...]
SEOUL, Feb. 20 (Korea Bizwire) — A new survey has revealed that 92.8% of South Korean small and medium-sized enterprises (SMEs) believe they cannot meet national greenhouse gas reduction targets within the designated timeframe. The Korea Federation of SMEs announced these findings on February 19, based on a survey of 500 manufacturing SMEs conducted last year. [...]
SEJONG, Jan. 2 (Korea Bizwire) – South Korea is streamlining its building energy efficiency evaluation system by integrating the Building Energy Efficiency Rating System into the Zero Energy Building (ZEB) Certification Program, the Ministry of Land, Infrastructure, and Transport announced on January 1. The changes are part of the Third Green Building Master Plan (2025–2029), [...]
SEOUL, Dec. 31 (Korea Bizwire) — Hyundai Motor Company and Kia Corporation announced on December 30 the launch of their Integrated Global Information System (IGIS), marking a significant advancement in their carbon emissions management capabilities. The newly developed IGIS represents a comprehensive approach to tracking carbon emissions throughout a vehicle’s entire life cycle, from raw material [...]
SEOUL, Jul. 26 (Korea Bizwire) – In a significant move to address climate change and bolster its export competitiveness, South Korea plans to establish a national industrial supply chain carbon data platform as early as 2026. This public-private initiative aims to facilitate the exchange of carbon data between companies linked through supply chains. The Ministry of [...]
SEOUL, Oct. 24 (Korea Bizwire) – SK Innovation, SK IE Technology (SKIET), and Lotte Chemical have joined forces to make significant strides in the carbon capture market. On Monday, these three companies announced the signing of a Memorandum of Understanding (MOU) to foster technological and business collaboration, thereby fortifying their competitiveness in the field of carbon [...]
CHICAGO, Aug. 2 (Korea Bizwire) — Sphera®, a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services, has been named a leader in the carbon management software market by Verdantix, an independent analyst firm, in its newest Green Quadrant report. The Green Quadrant Carbon Management Software report [...]
NEW YORK and SINGAPORE, June 28 (Korea Bizwire) – Nasdaq (Nasdaq: NDAQ) and Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, today announced a strategic technology partnership that will help unlock price transparency and liquidity in the voluntary carbon market. The agreement will see CIX leverage Nasdaq’s robust matching technology to power its spot [...]
SEOUL, Jan. 20 (Korea Bizwire) — The Seoul city government will renovate worn-out buildings into low-carbon ones and increase the proportion of electric cars in the city by 2026 as part of efforts to respond to climate change, officials said Thursday. The measures were announced as part of a five-year project from 2022 to 2026 [...]