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Lee Kyung-min

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Mayor promotes Busan's bid to host World Expo 2030 at WCE

Busan Mayor Park Heong-joon delivers a welcome speech during the World Climate Industry Expo (WCE) at BEXCO, Thursday. Courtesy of Busan Metropolitan CityBy Lee Kyung-minBusan Mayor Park Heong-joon has been seeking support from eight of his peers for the port city's bid to host World Expo 2030, during a session on Friday at the World Climate Industry Expo (WCE), being held in Busan from May 25 to 27.The international climate event was organized in order to help paint a picture of how Korea is not only willing but able to host the Expo. Among the attendees were world-renowned scholars and opinion leaders, as well as 500 local and foreign firms and organizations.Park's pitch was presented alongside other discussions by participating mayors, including on joint cooperative measures to tackle climate crisis-related problems and case studies of sustainable green city planning.Among the attendees of the City Summit, organized by Busan Metropolitan City, were Busan Mayor Park Heong-joon, Auckland Mayor Wayne Brown, Casablanca Deputy Vice Mayor Abderrahim Outass, Dili Municipality Authority P

May 26, 2023By Lee Kyung-min
Mayor promotes Busan's bid to host World Expo 2030 at WCE
  • Advancing ESG drive meets stakeholder demands, enhances access to capital: experts
Companies

Advancing ESG drive meets stakeholder demands, enhances access to capital: experts

Second Vice Minister of Trade, Industry and Energy Kang Kyung-sung, right, shakes hands with Yolyn Ang, vice president of Google's Asia-Pacific Global Partnerships, at the World Climate Industry Expo (WCE) in BEXCO, Busan, Friday. Courtesy of Ministry of Trade, Industry and EnergyBy Lee Kyung-minSurbhi Singhvi, energy transformations manager at World Business Council for Sustainable Development / Courtesy of the World Climate Industry ExpoBusinesses practicing carbon neutrality around-the-clock are likely to fully disclose environmental, social and corporate governance (ESG) data, and meet emission reduction targets, a source of stable and greater access to financial capital in the years to come, according to energy transition experts, Friday.In addition, the roles of firms in Asia are critical, and will continue to strengthen, mostly because of their expanded presence in the global supply chain, Surbhi Singhvi, energy transformations manager at World Business Council for Sustainable Development (WBCSD), said.WBCSD is the global, CEO-led community of the world's leading sustainable b

May 26, 2023By Lee Kyung-min
Advancing ESG drive meets stakeholder demands, enhances access to capital: experts
  • Mayor promotes Busan's bid to host World Expo 2030 at WCE
Companies

Business leaders discuss joint climate action

Prime Minister Han Duck-soo, front row fourth from right, makes a gesture of solidarity with Korea Chamber of Commerce and Industry Chairman Chey Tae-won, front third from right, Busan Mayor Park Heong-joon, fifth from right and other distinguished guests during the World Climate Industry Expo Business Roundtable at BEXCO, Busan, Thursday. YonhapBy Lee Kyung-minBusiness executives and government officials from around the world discussed ways to advance carbon neutrality at a roundtable session at the World Climate Industry Expo (WCE) held from May 25 to 27 in Busan. They discussed best practices and agreed to bolster international cooperation.The Korea Chamber of Commerce and Industry (KCCI) held a Business Leader Round Table, which had the subtheme under the title of “The Role of Companies for a Sustainable Future.”Among the attendees were major global industry leaders, including Google, Samsung, SK, RWE and Volkswagen. Others included Hyundai, Kia, LG, POSCO, HD Hyundai and Kakao Mobility.KCCI Chairman Chey Tae-won said the role of businesses should be redefined as a ca

May 25, 2023By Lee Kyung-min
Business leaders discuss joint climate action
  • Nuclear energy drives green transition: experts
  • Companies showcase latest green technologies at WCE
Companies

Nuclear energy drives green transition: experts

Fatih Birol, executive director of International Energy Agency / Courtesy of World Climate Industry Expo By Lee Kyung-minBUSAN ― Russia's invasion of Ukraine sent ripple effects throughout the energy market, pushing up energy prices over the past few years. But at the same time the clean energy transition has become “turbocharged,” with nuclear energy making a strong comeback as a green energy source, according to Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), Thursday.He gave a keynote speech titled, The State of the Energy Transition: Implications for Energy Security and Geopolitics, at the World Climate Industry Expo (WCE) held from May 25 to 27, alongside prof. Richard A. Muller, Emeritus Professor of UC Berkeley.The international event was organized to paint a picture of how Korea is willing and able to host World Expo 2030. Among the attendees were world-renowned scholars and opinion leaders, as well as 500 local and foreign firms

May 25, 2023By Lee Kyung-min
Nuclear energy drives green transition: experts
  • Business leaders discuss joint climate action
Companies

Busan climate fair to bolster city's Expo bid

Second Vice Minister of Trade, Industry and Energy, Kang Kyung-sung / Ministry of Trade, Industry and EnergyEvent will showcase Korea's advanced green technologiesBy Lee Kyung-minA global climate industry fair in Busan, a candidate for World Expo 2030, will be an excellent opportunity to illustrate Korea's cutting-edge climate technology and its leadership in global solidarity and inclusive growth toward a better greener future, according to the country's senior energy policymaker.In a recent interview with The Korea Times, Second Vice Minister of Trade, Industry and Energy, Kang Kyung-sung said the World Climate Industry Expo (WCE) held from May 25 to 27 will paint a picture of how Korea is willing and able to host World Expo 2030 for world-renowned scholars, opinion leaders, as well as 500 local and foreign firms and organizations.Korea's lead in tackling climate change will, the vice minister said, help turn the challenges into opportunities, as underpinned by a new energy paradigm whereby the country's capabilities in the nuclear power, hydrogen and carbon capture utilization and

May 24, 2023By Lee Kyung-min
Busan climate fair to bolster city's Expo bid
Companies

Kakao joins RE100 for sustainable future

Kakao headquarters on Jeju Island / Courtesy of Kakao By Lee Kyung-minKakao has joined RE100, a global initiative whereby businesses aim to source 100 percent of their energy from renewables, including wind and solar energy, the tech company said Wednesday.The global initiative led by the international non-profit Climate Group in partnership with the Carbon Disclosure Project (CDP) seeks to help influential businesses commit to the zero-carbon drive on a global scale.Wednesday's announcement is the latest in the IT firm's efforts to promote green energy transition. It comes a year after its headquarters on Jeju Island began relying on solar power for 100 percent of its energy needs.The partnership will commit Kakao to source 60 percent of its energy from renewables by 2030 and 100 percent by 2040.The firm will establish a renewable energy consultative body to reflect varying interests and promote carbon neutrality. Joining the RE100 is part of the company's Active

May 24, 2023By Lee Kyung-min
Kakao joins RE100 for sustainable future
Companies

Ukraine to share data on 5,000 post-war reconstruction projects with Korea

Minister of Land, Infrastructure and Transport Won Hee-ryong, left, and Ukraine's Deputy Infrastructure Minister Oleksandra Azarkhina, hold a copy of a signed memorandum of understanding in Warsaw, Poland, Tuesday (local time).By Lee Kyung-minUkraine has offered to share data on 5,000 post-war reconstruction projects with Korea first, a month earlier than an international release in June, the land ministry said Wednesday, illustrating a desire for Korea's experience in smart city planning and infrastructure building.The suggestion was made during a meeting between Minister of Land, Infrastructure and Transport Won Hee-ryong and Ukraine's Deputy Infrastructure Minister Oleksandra Azarkhina, Tuesday (local time). The minister is on a visit this week to Poland to meet with Ukraine's government officials to expedite talks on bilateral cooperation on post-war rebuilding, encompassing roads, buildings, railways and military facilities. The data will be shared through a database called Dream, where the roles and authority of Ukraine's regions in need of reconstruction are clearly outlined a

May 24, 2023By Lee Kyung-min
Ukraine to share data on 5,000 post-war reconstruction projects with Korea
Companies

WTO head visits Naver, meets young AI leaders

World Trade Organization (WTO) Secretary-General Ngozi Okonjo-Iweala, fourth from left in front row, poses with young IT industry leaders in Korea at the headquarters of Naver in Seongnam, Gyoneggi Province, Tuesday. YonhapBy Lee Kyung-minWorld Trade Organization (WTO) Secretary-General Ngozi Okonjo-Iweala visited Naver, a local IT giant, to experience its latest high-tech artificial intelligence (AI) services, including robot deliveries and digital twin technologies, the trade ministry said Tuesday.The intergovernmental trade organization head had a meeting with a group of young industry leaders in Korea and exchanged thoughts on digital trade.The event was joined by startups, top-tier firms that have won awards at the Consumer Electronics Show (CES), the most influential tech event, as well as platform operators. Among the agenda items discussed were using blockchain and cloud technologies in the medical, education, agriculture and cybersecurity industries.The participants agreed that digital technology will determine the future of trade, and that both challenges and opportunities

May 23, 2023By Lee Kyung-min
WTO head visits Naver, meets young AI leaders
Companies

RDA shares tomato, pepper farming strategies with 13 Asian countries

Kai-Yi Chen, associate professor at National Taiwan University, right, gives a presentation at World Vegetable Center headquarters in Tainan, Taiwan, May 17 (local time). Courtesy of Rural Development AdministrationBy Lee Kyung-minThe Rural Development Administration (RDA) held a workshop on the Innovation and Approaches on Vegetable Breeding Technology in Asia from May 17 to 19 at the World Vegetable Center (WorldVeg) headquarters in Tainan, Taiwan, the agriculture ministry-affiliated organization said Tuesday.The event was organized by the RDA through the Asian Food and Agriculture Cooperation Initiative (AFACI) in partnership with the Food and Fertilizer Technology Center (FFTC) and WorldVeg.Joined by principal investigators from 14 member countries and vegetable breeding experts from around Asia, this event served as a venue to share experiences and lessons learned in the development of technologies for breeding vegetables, particularly tomatoes and peppers.During the discussions, areas for improvement and other potential future AFACI programs were explored.Kai-Yi Chen, associate

May 23, 2023By Lee Kyung-min
RDA shares tomato, pepper farming strategies with 13 Asian countries
Companies

Vietnam willing to open financial market further: embassy

Ambassador of Vietnam to Korea Nguyen Vu Tung, left, Head of Investment at the Embassy of Vietnam in Korea Pham Viet Tuan, center, and First Secretary at the Embassy of Vietnam in Korea Pham Khac Tuyen attend The Korea Times Global Business Club forum at the Korea Press Center in Seoul, Monday. Korea Times photo by Choi Won-sukBy Lee Kyung-minVietnam is willing to deregulate its financial market further to attract more investments from Korea and other countries to advance the Southeast Asian country's financial service industry to match its rapidly-growing economy, senior officials at the Embassy of Vietnam in Korea said Monday.The Vietnamese government's directives will enable an increasing number of Korean banks and securities companies to enter and expand their presence there, supported by eased limits on foreign equity investment caps and borrowing, they added.Korea, whose financial service industry achieved rapid growth over the past several decades, could serve as a model.“The Vietnamese government is willing to dramatically ease regulations for Korean financial services

May 22, 2023By Lee Kyung-min
Vietnam willing to open financial market further: embassy
  • 'Economic cooperation is cornerstone of Korea-Vietnam ties'
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