Huawei has earned a top rank from CDP for its actions on climate change and transparency of disclosures. The international environmental non-profit organization placed the company among its climate change “A List,” the only firm from mainland China to get the accolade. CDP also granted Huawei an “Ex
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Expectations for an increase in demand for renewable energy are rising again, thanks to Hanwha Solutions’ expansion of photovoltaic manufacturing facilities in the US and Vestas’ strong order intake i
The Ministry of Trade, Industry and Energy announced that South Korea’s annual nuclear power generation would be 201.7 TWh and its ratio to the total would be 32.4 percent in 2030 according to its long-term plan finalized on Jan. 12.In addition, LNG-based power generation and renewable energy-based
Samsung Biologics, a leading contract development and manufacturing organization (CDMO), has received the Sustainable Markets Initiative’s Terra Carta Seal, the company announced on Jan. 11.The Terra Carta Seal, launched at COP26 by His Majesty King Charles III when he was Prince of Wales, recognize
SK Hynix has successfully issued U.S. dollar-denominated bonds worth US$2.5 billion, including the memory semiconductor industry's first sustainability-linked bonds (SLBs) worth US$1 billion.The company conducted demand forecasting on Jan. 10 regarding the bond issuance. Orders totaled US$15.4 b
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In 2022, India produced 860mn tons of coal (+13% y-y), making it the second-largest consumer of coal after China. The produced coal is mainly used for domestic demand, with more than 75% used for
The Export-Import Bank of Korea (Korea Eximbank) has successfully issued foreign currency bonds worth US$3.5 billion, the largest amount it has ever raised.The bank raised US$1 billion by selling three-year bonds, US$1.5 billion with five-year bonds and US$1 billion with 10-year bonds.Korea Eximbank
SK Telecom announced on Jan. 5 that it will introduce green ICT to achieve net zero at CES 2023.SK Telecom will jointly operate an exhibition booth of about 1,200 square meters in the Central Hall with other SK Group affiliates. It will showcase urban air mobility (UAM), AI semiconductor Sapeon and
SK ecoplant announced on Jan. 5 that it signed an MOU with China State Construction Engineering Corp. (CSCEC) on Jan. 4 for cooperation in global renewable energy.The gist of this agreement is that the two companies will actively cooperate in the joint development of renewable energy projects overse
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. Ministry of Trade, Industry and Energy announces 1Q23 electricity rate hike— On Dec 30, 2022, the MOTIE announced that it would raise the electricity rate by a total of KRW13.1/kWh in 1Q23, or +9.5% compar
The integrated corporation of POSCO International and POSCO Energy has been officially launched. POSCO International announced on Jan. 2 that it merged with POSCO Energy on Jan. 1 and appointed Jeong Tak, former president of POSCO, as its new CEO.POSCO International will go beyond a trading company
SK ecoplant announced on Dec. 28 that it will introduce its future energy value chain at CES 2023 to be held in Las Vegas of the United States from Jan. 5 to 8.SK Group’s eight affiliates including SK ecoplant will participate in CES 2023 to showcase their advanced energy, communication, semiconduct
- The company has been selected for the DJSI World Index for the 11th consecutive year with highest score in the Industrial Conglomerates Industry categorySK Inc. has received the highest ratings from globally renowned ESG assessors Morgan Stanley Capital International (MSCI) and Dow Jones Sustainab
Redemption of 48 billion won worth of funds sold by KB Securities and Shinhan Securities was suspended. Investors are claiming that the two companies failed to inform them of the risks of the fund products.The funds, dubbed Fortkorea Green Energy Nos. 1-4, were created by Fortkorea Asset Management,
LG Chem will team up with the eco-friendly energy company GS EPS to convert heat sources into biomass fuel.The company announced on Dec. 20 that the two companies signed the main contract for establishing a biomass power plant that will produce industry-use steam and electricity using waste wood at
SK Telecom (SKT) announced on Dec. 20 that it will participate in CES 2023, which will be held in Las Vegas from Jan. 5 to 8, 2023, to showcase green ICT that can accelerate progress towards achieving net zero.SKT will operate a joint exhibition booth with SK Inc., SK Innovation, SK hynix, SK E&S, S
The combined capacity of renewable energy facilities in South Korea topped 30 GW this year. This is desirable in terms of reducing the use of fossil fuels to achieve carbon neutrality.One problem is that renewable energy sources do not guarantee constant power generation in all hours and weathers, a
Hyundai Electric, a power equipment and energy solution subsidiary of Hyundai Heavy Industries Group, is entering the offshore wind power business in partnership with GE Renewable Energy of the United States.The company signed a strategic partnership agreement with GE Renewable Energy at the Banyan
Hanwha Q CELLS announced on Dec. 14 that it has signed a contract to sell a total of seven energy storage system (ESS) projects under development in Texas of the United States.The combined power storage capacity of the seven ESS projects is 2.4GWh, which is equivalent to power used by about 1 millio
SK Inc., the holding company of SK Group, plans to increase the net asset value (NAV) of the group's green business by 14 times within eight years. The company intends to use the group's efforts to overcome climate change as an opportunity to expand its future business.SK Inc.'s Green In