SEOUL, Aug. 3 (Korea Bizwire) — The Seoul Metropolitan Government said Monday that it will launch a campaign to collect leaf springs illegally installed on commercial trucks and recycle them for the production of fences for child safety zones. Leaf springs are typically installed under the frame of commercial trucks to reduce shock to the [...]
SEOUL, July 9 (Korea Bizwire) — SK Global Chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., is building an anode material plant, where plastic waste will be recycled into new materials. The company signed a memorandum of understanding with the city of Ulsan on Thursday. By 2025, SK Global Chemical plans [...]
SEOUL, June 28 (Korea Bizwire) — Hanwha Solutions Corp., a South Korean energy solutions company, will participate in a government project in tandem with Lotte Chemical Corp., a major petrochemical firm, to cut carbon emissions by recycling the waste heat at one of its plants. Hanwha Solutions announced that it will create 1 million tons [...]
SEOUL, June 23 (Korea Bizwire) — A series of initiatives is being planned to enable clam and oyster shells to be recycled to improve local ecosystems at fishing grounds rather than simply being discarded. The Ministry of Oceans and Fisheries said Tuesday that a partial revision of the Marine Waste Management Act passed at a [...]
SEOUL, June 5 (Korea Bizwire) — Fewer than two out of 10 cosmetic containers distributed in South Korea are recyclable, an environmental group said Saturday, urging cosmetics companies to raise the recycling rate of their cosmetic packaging. The group, which calls itself “Cosmetic Attack Citizens Action,” said it examined 6,617 brand-name cosmetic containers, and only [...]
SEOUL, May 31 (Korea Bizwire) — New regulations aimed at promoting resource circulation and plastic recycling should see the approval of recycled transparent PET bottle use in food product packaging from next year at the earliest. The Ministry of Food and Drug Safety (MFDS) and the Ministry of Environment jointly announced plans to amend regulations [...]
SEOUL, May 18 (Korea Bizwire) — SK Chemicals Co. said Monday that it had acquired a 10 percent stake in Shuye Environmental Technology Co., a Chinese company that possesses technology that can chemically break down waste PET, by investing 23 billion won (US$20 million). The company made the investment decision as part of efforts to [...]
SEOUL, May 7 (Korea Bizwire) — A group of South Korean companies have joined forces to extract plastic and aluminum compound materials from beverage cartons and promote 100 percent recycling. SK Global Chemical Co., a chemical affiliate of energy giant SK Innovation Co., signed a memorandum of understanding (MOU) on Thursday with Maeil Dairies Co., [...]
SEOUL, March 24 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Tuesday that it will create a business model centered on environmental, social and governance (ESG) that will encompass the full process of producing, collecting, and recycling plastic waste. The company joined hands with local startup Innerbottle Co. to set up [...]
SEOUL, March 16 (Korea Bizwire) — The government is stepping up to distribute uniforms recycled from plastic bottles to the military and the police. The Ministry of Environment hosted a ceremony in Seoul on Monday where the Ministry of Defense, the National Police Agency, and the Korea Federation of Textile Industries bought technical wear made [...]