SEOUL, July 2 (Korea Bizwire) — POSCO International Corp. said Sunday it aims to go completely carbon neutral by 2050 to tackle the global climate crisis and become an environmentally sustainable business. As a first step toward the goal, the company said it will reduce carbon emissions by 37 percent by 2030. POSCO International, a [...]
SEOUL, June 22 (Korea Bizwire) — South Korea will invest 145 trillion won (US$112.38 billion) in nurturing the climate technology industry by 2030 and extend various supportive measures to achieve 100 trillion-won worth of exports in the sector, the industry ministry said Thursday. They are part of a set of strategies the government announced earlier [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea will raise its dependence on nuclear energy sources to over 30 percent while sharply reducing its reliance on coal by 2036, the energy ministry said Thursday, as the country accelerates its push to reach carbon neutrality. Under the plan, the government will raise the proportion of nuclear [...]
SEOUL, Nov. 8 (Korea Bizwire) — Nearly half of South Korea’s large companies have a pessimistic view about the potential for achievement of the government’s greenhouse gas reduction goal, a survey showed Monday. According to a survey of 100 out of 500 major manufacturers conducted by the Federation of Korean Industries, 48 percent of the [...]
SEOUL, Sept. 15 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will try to achieve carbon neutrality by 2050 as part of its efforts to tackle the worsening climate crisis and increase the use of renewable energy. Samsung, one of the world’s biggest manufacturers of electronic devices and semiconductors, said it will try to [...]
SEOUL, March 17 (Korea Bizwire) — South Korea can create up to 2.26 million new jobs in fields of energy transition by 2050 if the country invests consistently in achieving its carbon neutrality policy goal, a U.S. think tank report showed Thursday. The report from the University of Massachusetts’ Political Economy Research Institute (PERI), commissioned [...]
SEOUL, Feb. 17 (Korea Bizwire) — Dutch pension fund APG said Thursday it has urged Samsung Electronics Co. and nine other South Korean companies that it has invested in to intensify efforts to reduce carbon emissions. APG, the largest pension fund in the Netherlands, said it has sent a letter to major companies, including Samsung [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea plans to provide tax incentives for research and development (R&D) on green technology designed to help cut carbon emissions in an effort to nurture new industries, the finance ministry said Thursday. Currently, the country has picked 235 technologies in 12 sectors, including next-generation vehicles and bio health, [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea plans to double the number of electric and hydrogen vehicles on its roads next year as part of efforts to achieve its goal of net zero carbon emission by 2050. The government will seek to bring up the number of electric and hydrogen cars in use to [...]
SEOUL, Dec. 16 (Korea Bizwire) — The government plans to subsidize 2,500 small and medium-sized firms to achieve carbon neutrality starting next year, and continue to expand support by 10 percent every following year. The Ministry of SMEs and Startups announced the new initiative on Wednesday, which includes investing 474.4 billion won (US$400 million) next [...]