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Korean Banks Introduce Credit Card that Accrues “Eco-Points”

Korean Banks Introduce Credit Card that Accrues “Eco-Points”

SEOUL, Nov. 24 (Korea Bizwire) – The Ministry of Environment and the Korea Environmental Industry & Technology Institute have joined hands with five major financial institutions for the launch of the “Green Card v2”, scheduled for Friday.  Green Card v2 is a follow-up of the original Green Card, but with extended benefits. The Green Card [...]

Overturned Vehicle Marks Coming Car Free Day

Overturned Vehicle Marks Coming Car Free Day

BUSAN, Sept. 21 (Korea Bizwire) – Celebrating the coming of Thursday’s World Car Free Day, special “Car-Free Street” performances were arranged at Busan’s Sujeong Market in Dong District. Organized to raise environmental awareness, a flipped-over vehicle was displayed at the  market’s main intersection, while a giant balloon model of Earth was also displayed, to which [...]

Hyundai to Release New Hydrogen-Powered Car in 2018

Hyundai to Release New Hydrogen-Powered Car in 2018

PYEONGCHANG, South Korea, July 29 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, on Friday said it plans to release its new hydrogen-powered cars in 2018.  The second-generation hydrogen fuel cell cars are set to debut in February 2018, when South Korea’s alpine city of PyeongChang hosts the Winter Olympics, the carmaker said.  [...]

Seoul Proposes New Environmental Measures, Including Ban on Older Diesel Vehicles

SEOUL, July 27 (Korea Bizwire) – Diesel cars have been at the center of attention recently, primarily due to the official investigation into Audi-Volkswagen Korea’s fraudulent emissions reporting. Diesel emissions have also been identified by the Korean government in May as major producers of fine dust and ozone, and a potential health risk.  Seoul Metropolitan [...]

S. Korea to Invest 42 Trillion Won in Renewable Energy Industry by 2020

SEJONG, July 5 (Korea Bizwire) – South Korea will invest a combined 42 trillion won (US$36.6 billion) into the renewable energy sector by 2020 as part of efforts to expand the environmentally friendly power supply system in the country, the trade ministry said Tuesday.  Under the plan, new renewable power stations will be built by [...]

Incineration Plant, Waste Processing Facility Transform to Eco-Friendly Energy Town

Incineration Plant, Waste Processing Facility Transform to Eco-Friendly Energy Town

HONGCHEON, South Korea, July 1 (Korea Bizwire) – Incineration plants and human waste disposal facilities are some of the most undesirable  establishments for city residents. Their presence often drives the inhabitants out of the area, leading to a drop in real estate prices, and ultimately leaving the area desolate and uninhabited.  However, recent government efforts [...]