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 [...]
SEOUL, Dec. 12 (Korea Bizwire) — President Moon Jae-in on Friday encouraged private firms to go carbon neutral, pledging the government will provide financial and regulatory support for their efforts to reduce greenhouse gas emissions. Moon made the remarks at a meeting on carbon neutrality with chief executives of some 40 big and medium-sized companies, [...]
Lugano, Switzerland, Dec. 6 (Korea Bizwire) - Helsinn Group (“Helsinn”), a fully integrated, global biopharma company with a diversified pipeline of innovative oncology assets and strong track-record of commercial execution, today announces that it has achieved carbon neutrality for the first time. Since 2012, Helsinn has been committed to becoming more sustainable. Our environmental performance has improved steadily through [...]
SEOUL, Nov. 24 (Korea Bizwire) — President Moon Jae-in said Wednesday that South Korea will expand its use of renewable energy as the nation vows to go carbon neutral by 2050. Moon made the remarks as he visited a floating solar power-generating facility inside Hapcheon Dam in Hapcheon, about 350 kilometers south of Seoul. “Carbon [...]
SEOUL, Nov. 11 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will sell only electric vehicles in Europe from 2035 and in other major markets from 2040 as it seeks to gradually phase out internal combustion-engine cars in global markets. Kia announced the 2045 carbon neutrality strategy as governments around the [...]
SEOUL, Oct. 27 (Korea Bizwire) — The Cabinet on Wednesday approved the government’s pledge to reduce greenhouse gas emissions by 40 percent from 2018 levels by 2030 and achieve net-zero emissions by 2050. The pledge, which was passed at a Cabinet meeting presided over by Prime Minister Kim Boo-kyum, represents a significant raise in the [...]
SEOUL, Oct. 18 (Korea Bizwire) — The presidential committee on carbon neutrality on Monday unveiled two upgraded policy road maps, including scrapping coal-fired power generation, to achieve South Korea’s net-zero emissions goal by 2050. Presided over by President Moon Jae-in, the committee held its second general meeting in Seoul to review and approve agendas for [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s parliament has passed a bill mandating over a 35 percent cut in greenhouse gas emissions by 2030 to eventually achieve carbon neutrality by 2050. The National Assembly passed the so-called “climate crisis response” act Tuesday night at a general voting session, becoming the 14th country in the [...]