SEJONG, July 1 (Korea Bizwire) – The South Korean government said Friday it will inject 5 trillion won (US$4.35 billion) into encouraging the use of eco-friendly vehicles to bring down fine dust particle levels in the air that have emerged as a source of concern here. The government will spend 3 trillion won on pushing [...]
BUSAN, June 30 (Korea Bizwire) – Fish that used to thrive in Korea’s littoral areas are rapidly disappearing. Although the phenomenon is also the result of global warming, experts point to overfishing as the fundamental cause. The 1970s and 1980s were the golden age of fishing, but since then, catches have decreased by over 60 [...]
SEOUL, June 30 (Korea Bizwire) – Starbucks Korea’s latest eco-friendly effort, using coffee grounds as compost to grow crops and purchasing the harvested products, was chosen as June’s ‘Excellent Example of Coexistent Cooperation in Agricultural Products’ by the Ministry of Agriculture, Food and Rural Affairs (MAFRA). According to the ministry, Starbucks Korea is currently supplying [...]
SEOUL, June 30 (Korea Bizwire) – German carmaker Volkswagen on Wednesday ruled out compensations to South Korean owners of Volkswagen cars for cheating on emissions, a move that could spark anger and disappointment from local consumers. Volkswagen said its agreements reached with the U.S. regulators and private plaintiffs over the scandal “are not an admission” [...]
SEJONG, June 29 (Korea Bizwire) – Starting in the latter half of the year, the government will provide a tax rebate of up to 1 million won ($862) for new car purchases when car owners scrap their old diesel vehicles. It will also expand its investment in the eco-friendly sector, taking on projects such as [...]
SEOUL, June 28 (Korea Bizwire) – Spring fades into summer, and with the new season comes ozone. Summer has finally arrived in Korea. But its companion, ozone, is what makes the heat more unbearable and suffocating. And the Seoul metropolitan area is suffering the most. According to Air Korea, a real-time air quality forecast website, [...]
PARIS, June 10 (Korea Bizwire) – The Organisation for Economic Co-operation and Development (OECD) has issued a warning about the increasing severity of air pollution in Korea, while urging the government to take rapid action. It also anticipated in a recent report that at the current rate, by 2060 Korea will suffer from the highest [...]
SEOUL, June 3 (Korea Bizwire) – South Korea will spend more than 1 trillion won (US$841 million) by 2021 on research and development of clean energy as part of international efforts to reduce greenhouse gas emissions and fight climate change, the government said Friday. It will mark twice the amount earmarked for clean energy research [...]
SEOUL, June 1 (Korea Bizwire) – Prosecutors said Wednesday they have confiscated some 950 vehicles of the South Korean unit of the German carmaker Volkswagen, equipped with its new engine model, amid a probe into the company’s emissions scandal. The Seoul Central District Prosecutors’ Office said three of Audi Volkswagen Korea’s models — Audi A1, [...]
SEOUL, May 17 (Korea Bizwire) – Fifteen major cities and provinces from four Northeast Asian countries will gather in Seoul on Thursday to discuss ways to tackle environmental pollution, the Seoul city government said Tuesday. At the two-day international forum to be held at city hall, the participating cities and provinces will announce the “Seoul [...]