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State-run Oil Firm to Explore Undersea Storage Sites for CO2

State-run Oil Firm to Explore Undersea Storage Sites for CO2

SEOUL, Dec. 26 (Korea Bizwire) — The state-run Korea National Oil Corp. (KNOC) said Tuesday it will explore potential sites for undersea carbon capture and storage (CCS) facilities in the seas surrounding the Korean Peninsula. The move is part of the government’s plan to reduce greenhouse gas emissions through CCS facilities by 4.8 million tons [...]

About 2,200 Shipwrecks Abandoned in S. Korean Waters

About 2,200 Shipwrecks Abandoned in S. Korean Waters

SEOUL, Oct. 4 (Korea Bizwire) — About 2,200 shipwrecks remain abandoned in South Korean waters, posing a potential environmental threat, a ruling party lawmaker insisted Friday. Rep. Seo Sam-seok of the Democratic Party, citing data released by the Ministry of Oceans and Fisheries for a parliamentary inspection, said the number of abandoned shipwrecks nationwide now [...]