Gov’t’s mandatory emission cut plan by 2030 faces backlash. Korean companies are crying foul over the government’s drastic moves to cut carbon emissions, claiming that these will end up hurting the competitiveness of the country’s key manufacturing industries. Protest has been growing since Aug. 31 when Korea became the world’s 14th nation to legislate a […]
World’s Biggest Wind Farm May Be Answer to Korea’s Net-Zero Dream
The fishing grounds where Jung Kuenbae and his forbears have caught shrimp, butterfish and croakers for three generations are going to be turned into the world’s largest offshore wind farm. He’s OK with that. “I initially opposed the idea when the plan was proposed because it will destroy our livelihood,” said Jung, who leads a […]
Korea’s OCI wins $845.5 mn polysilicon order from LONGi Solar in China
South Korea’s OCI Co. has won an $845.5 million worth order, which is tantamount to 35 percent of OCI’s 2019 annual revenue, to supply polysilicon to the world’s top photovoltaic wafer producer LONGi Green Energy Technology Co. (LONGi Solar) in China. OCI announced on Monday that OCIM Sdn. Bbn. (OCIMSB), the Korean firm’s subsidiary in […]