Stephen Fry, Annie Lennox, Christiana Figueres, Forest Whitaker, David Miliband, Graça Machel, Helen Clark and Paul Polman among 100+ signatories of letter to G20 leaders LONDON, Apr. 14 (Korea Bizwire) — Eighty years on from the establishment of the International Monetary Fund and World Bank, a coalition of leading actors, politicians, artists and economists have [...]
SEOUL, Apr. 10 (Korea Bizwire) – As populations around the world continue to age, a new study by researchers at the Korea Advanced Institute of Science and Technology (KAIST) has revealed a complex interplay between this demographic shift and a community’s ability to adapt to climate change – a first-of-its-kind global analysis. The research team, led [...]
SEOUL, Apr. 5 (Korea Bizwire) – A report by the American climate organization Oil Change International (OCI) has revealed that South Korea’s public financing for fossil fuel projects is the second largest globally. Climate Solutions, a South Korean climate advocacy group, disclosed these findings, emphasizing the significant financial support extended by South Korea to the fossil [...]
SEOUL, Mar. 20 (Korea Bizwire) – POSCO Holdings, a major South Korean steelmaker listed on the KOSPI index, has seen a precipitous drop in foreign shareholdings over the past year, as global investors grow increasingly wary of the company’s climate impact and carbon footprint. According to data from the Korea Exchange, foreign ownership of POSCO Holdings [...]
SEOUL, Mar. 11 (Korea Bizwire) – In a revealing glimpse into the collective psyche of a nation increasingly alarmed by the environmental crisis at its doorstep, a recent comprehensive survey has highlighted the deep concerns harbored by South Koreans over the twin perils of climate change and the burgeoning issue of plastic waste. This widespread apprehension [...]
SEOUL, Mar. 7 (Korea Bizwire) — The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$490 million in funding for projects on low emissions and climate resilience in 23 developing nations, South Korea’s finance ministry said Thursday. During a three-day board meeting in Rwanda that began Monday, the board of [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea recorded the warmest-ever February morning temperatures Wednesday, with morning lows in many parts of the nation exceeding 10 C, the weather agency said. The daily minimum temperature in Incheon, a port city west of Seoul, reached 11 C, marking the highest morning low for February recorded since [...]
SEOUL, Feb. 5 (Korea Bizwire) – A recent study suggests that if current levels of greenhouse gas emissions persist, the number of summer fatalities in Seoul could increase by up to 82% by the late 21st century. Even with efforts to achieve carbon neutrality, the increase in mortality rate could reach 23%. Published in the Journal [...]
BUSAN, Feb. 2 (Korea Bizwire) – The National Institute of Fisheries Science announced on February 1 that last year marked the highest annual average sea surface temperature in South Korean waters since records began in 1990. Analysis of satellite data revealed an average sea surface temperature of 19.8 degrees Celsius last year, which is 0.6 degrees [...]
SEOUL, Jan. 3 (Korea Bizwire) — The year 2023 was the warmest year of all time for South Korea as global warming heated up the Korean Peninsula to reach the average temperature of 13.7 C last year, the state weather agency said Wednesday. It marks the highest annual mean temperature since 1973, the year considered [...]