LG Energy Solution will invest 5 trillion won ($4.5 billion) in its U.S. battery business by 2025 to secure at least two more factories, adding local battery manufacturing capacity of 70 gigawatt-hours (GWh).
President Moon Jae-in and other leaders of the Group of 20 (G-20) major economies wrapped up the two-day G-20 summit Sunday and adopted a joint declaration which committed to “affordable and equitable access” to Covid-19 vaccines.
President Moon Jae-in formally announced the Green New Deal in July and said that the program will help the country lead in the post-Covid-19 era.Since the plan was rolled out, companies have been announcing their own contributions.
Environment Minister Cho Myung-rae warned that climate change is no longer “another country’s story,” and urged Korea to become a “climate resilient society” as the country aims to become carbon-neutral.
Waste from packaging — plastic, vinyl and Styrofoam — is overwhelming the environment as delivery booms in the age of Covid-19.
Korea Investment & Securities will stop all investments in coal in line with the government’s Green New Deal project, the brokerage firm announced Friday.
Ban Ki-moon, former UN secretary general and the current chairman of Global Green Growth Institute (GGGI) on Tuesday urged the Moon Jae-in government to set concrete goals for achieving net-zero carbon emissions. Ban made his remarks during a...
Korea formally opened the world's first byproduct hydrogen power plant, which uses gas produced in the processing of petrochemicals. The plant is rated at 50 megawatts and will produce enough electricity to supply 160,000 households.
Kim Tae-nyeon, floor leader of the ruling Democratic Party (DP), called for the National Assembly and Blue House to be moved from Seoul to Sejong City. “We have to complete the process of creating the administration capital [of Sejong City]...
The government plans a Korean New Deal program that it hopes will create 1.9 million jobs. Some 160 trillion won ($133 billion) will be invested in the program by 2025, 71 percent, or 114.1 trillion won, by the government.