South Korea Tag

South Korean steelmaker POSCO Holdings [005490:KS] will invest KRW20tr (USD14.1bn) to reduce carbon emissions from its operations, as reported by Nikkei Asia on September 23. To replace polluting old blast furnaces, the company will construct two electric furnaces, one at its Gwangyang factory and the...

LG Electronics [066570:KS] has inked a memorandum of understanding (MoU) with GS EPS, a power production firm of the South Korean GS Group [078930:KS], to procure renewable energy for its facilities, as reported by the Korea Economic Daily on September 19. According to the MoU,...

South Korean tech giants Samsung Electronics [005930:KS] and LG Electronics [066570:KS] will exhibit various products made from recycled materials at the IFA 2022 on September 2 to parade their efforts in making environmental-friendly products, as reported by the Korea Economic Daily on August 29. At...

SK Group [034730:KS] will invest USD250m in TerraPower, a US small modular reactor (SMR) startup founded by Bill Gates, as reported by The Korea Herald on August 15. SMRs are nuclear reactors that are significantly smaller than conventional reactors, enabling users to deploy nuclear power where...

The Monetary Authority of Singapore (MAS) will raise SGD2.4bn (USD1.7bn) via the issuance of 50-year sovereign green bonds with a coupon rate of 3.04%, as reported by Nikkei Asia on August 6. The Green Singapore Government Securities (Infrastructure), or Green SGS (Infra), is the government's longest-term...

South Korea’s major chemical firm Lotte Chemical [011170:KS] and Japanese trading house Itochu [8001:JP] will team up in businesses including ammonia trading, ammonia infrastructure utilization, and hydrogen-ammonia market development, as reported by the Korea Economic Daily on July 22. Lotte Chemical will combine its ammonia...

South Korean energy giant SK E&S, a unit of SK Group [034730:KS], unveiled its KRW33bn (USD25m) investment plan in Monolith Materials, an American clean hydrogen and materials company, as reported by the Korea Herald on July 18. Monolith Materials, founded in 2013, has commercialized turquoise hydrogen,...

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