SEOUL, Mar. 19 (Yonhap) — South Korea’s financial regulator unveiled an ambitious plan Tuesday to provide 420 trillion won (US$315 billion) in policy loans by 2030 to help reduce greenhouse gas emissions. Seoul has pledged to reduce its greenhouse gas emissions by 37 percent from business-as-usual levels. “There exist concerns that the global competitiveness of [...]
SEOUL, Nov. 27 (Korea Bizwire) — Vehicles in the highest emission category will be banned from running across Seoul on weekdays during the fine dust-congested winter season to help reduce the city’s fine dust levels, city officials said Monday. The decision is part of Seoul’s annual winter-season fine dust reduction campaign, marking the fifth in [...]
SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Tuesday it has succeeded in the trial production of a low-carbon emission high-end steel sheet that enables a significant reduction in carbon emissions during the production process. The company announced that it had succeeded in the trial production of 1.0 [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to spend 95 billion won (US$81.5 million) to develop new solutions to cut the emission of carbon at local factories, in line with the country’s vision to go carbon neutral by 2050. The budget will be allocated to research projects for [...]
SEOUL, April 30 (Korea Bizwire) – SK Engineering & Construction Co., a leading South Korean builder, has launched a demonstration project for carbon emission-free hydrogen fuel cell power generation. The company announced that it will establish a pure hydrogen solid oxide fuel cell (SOFC) power generation facility in collaboration with its affiliate SK Advanced Co., [...]
SEJONG, Dec. 6 (Korea Bizwire) – South Korea unveiled a set of measures on Tuesday to promote renewable energy usage and expand research and development in order to meet the long-term target of reducing greenhouse gas emissions by 37 percent. The plan, approved by the Cabinet chaired by Prime Minister Hwang Kyo-ahn, is aimed at [...]
SEOUL, Nov. 23 (Korea Bizwire) – The government is expanding its “Carbon Point System” to vehicles, further reinforcing its environmental protection measures by promoting eco-friendly driving. In accordance with an agreement signed Wednesday between the Ministry of Environment and KT, a local telecommunications company, drivers will be able to receive monetary incentives based on their [...]