Korea Joongang Daily
Korea JoongAng Daily

Gov't to align emissions trading system with minimum reduction target to ease corporate burden

Seoul will operate its greenhouse gas emission permit trading system in lockstep with the minimum reduction target under its nationally determined contribution (NDC), the government said Tuesday.

2025-11-25

Gov't targets at least 50% drop in greenhouse gases by 2035

Korea said Thursday it plans to cut its greenhouse gas emissions by as much as 60 percent from 2018 levels by the year 2035, unveiling two possible targets that reflect both industrial limits and pressure to meet global climate goals.

2025-11-06

Woori carbon reduction goals earn scientific imprimatur

Woori Financial Group’s carbon reduction goals have been validated by the Science Based Targets initiative (SBTi).

2023-08-31

Hyundai Steel aims to cut carbon emissions by 12% by 2030

Hyundai Steel is aiming to cut its carbon emissions by 12 percent by 2030, with the ultimate goal of achieving net-zero by 2050.

2023-04-26

Emissions crackdown

An employee points to a screen showing a system to crack down on emissions of vehicles at the Gyeonggi provincial government building in Suwon, Gyeonggi, on Monday.

2023-02-06

Korea expedites transition to low-carbon structure over EU's carbon tax scheme

Korea vowed Monday to extend support to achieve a low-emission production structure in an effort to minimize the impact of envisioned European Union carbon import regulations and to strengthen industry competitiveness.

2022-12-26

Korea devising strategy for dealing with EU carbon border tax

The carbon border adjustment mechanism (CBAM) will require importers to buy permits for their carbon emissions in the same way as producers in the EU trading bloc do under its emissions trading system.

2022-12-14

GS Caltex signs MOU with 8 companies for development of CCUS

GS Caltex signed a memorandum of understanding (MOU) with eight companies to cooperate on and promote the development of carbon capture, utilization and storage (CCUS).

2022-11-15

Mercedes-Benz fined ￦20.2 billion for falsified emissions data

Korea's antitrust regulator said Sunday it has decided to fine Mercedes-Benz 20.2 billion won ($16.87 million) for falsified information on gas emissions of its diesel cars and ordered it to take corrective actions.

2022-02-06

SK Innovation marketing new battery at CES 2022

SK Innovation and wholly-owned subsidiary SK On will be heavily promoting their latest battery at CES 2022 in Las Vegas, which begins this week. The NCM9 battery — shortened for nickel, cobalt and manganese — developed by SK On is made with ...

2022-01-02