S. Korean food companies discouraged by burden of plastic cup deposit policy
Apr 11, 2022 23:58 pm UTC| Economy Business Nature
South Korean food and beverage manufacturers are complaining about the governments upcoming policy requiring them to pay a deposit for using a designated number of disposable plastic cups as it imposes the cost on the...
Samsung Heavy, Seaborg Technologies to develop floating nuclear power plants
Apr 09, 2022 22:44 pm UTC| Nature Economy Business
South Korean shipbuilder Samsung Heavy Industries Co. had signed a memorandum of understanding with Danish startup Seaborg Technologies to develop floating nuclear power plants based on the compact molten salt reactor...
Mitsubishi to collaborate with Shell in producing 400,000 tons of green hydrogen annually
Apr 07, 2022 23:51 pm UTC| Nature Economy Business
Mitsubishi Corp. will collaborate with Shell PLC in producing 400,000 tons of green hydrogen annually by 2030 via the development of major offshore wind farms in Europe. Since green hydrogen is a type of renewable...
Nike unveils eco-friendly Pegasus Turbo Next Nature sneaker
Apr 06, 2022 23:49 pm UTC| Nature Economy Business Sports
Nike is coming up with its Pegasus Turbo Next Nature as part of its ongoing commitment to creating more sustainable products. The Nike Pegasus Turbo Next Nature, a performance running shoe, designed with sustainability...
S. Korea to kickstart carbon-free agri project
Apr 06, 2022 23:45 pm UTC| Nature Economy Business
South Koreas Rural Development Administration will launch a pilot project to promote agricultural technology for low-carbon crop growing in ten places around the country this year. The pilot project, part of the...
Hyundai Oilbank, Samsung C&T collaborate on plastic waste recycling venture
Apr 06, 2022 18:09 pm UTC| Business Nature Economy
Hyundai Oilbank Co. has joined forces with construction company Samsung CT Corp. to launch a plastic waste recycling business promoting eco-friendly chemical materials. The two parties have signed a memorandum of...
S. Korean exporters fear impact of strengthened EU carbon border tax
Apr 06, 2022 00:14 am UTC| Nature Economy Business
The European Unions move to strengthen its carbon border adjustment mechanism (CBAM) through an amendment of the CBAM is expected to hurt South Koreas exports, as more local exporters face the EUs carbon taxes. The...
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