Sustainability

Korea's Sinpyeong-Jangnim Industrial Complex, located in the Saha-gu district in western Busan, has been a pillar of the country's manufacturing industry for over four decades. With over 600 companies employing more than 15,000 people, the complex has played a vital role in the local economy. However, with the changing demands of the modern workforce and the rise of knowledge-based industries, the complex has faced challenges adapting to the times. In response, the Ministry of Trade, Industry,

Busan City has unveiled its plans to construct an eco-friendly wooden structure called the Forest Experience Education Center in Sasang Neighborhood Park, Sasang-gu, Busan. The project, worth KRW 13 billion, is expected to be completed by 2026. After winning the "2023 Domestic Wood Construction Demonstration Project" contest organized by the Forest Service, the city decided to undertake this project. The competition aims to promote the use of domestic wood, reduce carbon emissions, and revive wo

Busan City is planning to spend KRW 10 billion this year to achieve its goal of becoming a leading carbon-neutral city by 2050 and create indoor gardens at two public facilities - Busan Bus Terminal and Gimhae International Airport. The indoor gardens, also known as living forests, are vertical gardens made with air-purifying plants. They are part of a project that has been funded by the Korea Forest Service since 2020 to improve the air quality of public spaces and reduce indoor fine dust. Bu

As part of its plan to become a leading carbon-neutral City by 2050, Busan Metropolitan City is investing 100 billion won in the Wind Ventilation Forest Creation Project to improve the living environment of its citizens. The new project aims to improve air pollution and reduce urban heat islands by creating wind ventilation corridor forests, urban green spaces, and connected urban forests that promote air circulation. Recently, the promotion of urban forests as wind ventilation corridors (wind v

KOGAS, the world’s leading importer of liquefied natural gas (LNG), is set to explore the possibility of blending hydrogen with natural gas in its expansive gas pipeline network. The two-year project, which is a joint effort with DNV, will examine the suitability of KOGAS’ 5,000-kilometre-long transmission network for hydrogen blending. DNV will provide technical support and advisory services to KOGAS on the project, including assistance in meeting the requirements of South Korea’s regulatory au

The Ondol heating system is one of the oldest heating systems in the world and has been a prominent feature of traditional Korean homes for centuries. It is a unique form of underfloor heating that uses direct heat transfer from smoke generated by woodstoves or outdoor furnaces to heat the underside of the floor in the adjacent room, allowing for more efficient use of heat. The environmental and societal effects of Ondol, a traditional Korean heating system, have been a topic of concern. Accord

Hydrogen has emerged as a promising solution to the challenges of decarbonizing some of the most carbon-intensive sectors, such as heavy industry, long-haul transportation, and seasonal energy storage. However, not all hydrogen is created equal, and its sustainability and environmental benefits depend on the method used to produce it. Hydrogen is the lightest and most abundant chemical element in the universe, making up 75% of all matter. However, it does not exist in its pure form in nature, b

The historic Pier 1 of Busan Port in South Korea is at the center of a debate over whether it should be granted cultural heritage status. The pier has played a significant role in Busan's history, serving as a transportation hub for migration, trade, and Japan's invasion of Korea. During the Korean War, it was a crucial site for transporting refugees and war materials. The pier's cultural significance is intertwined with Busan's economy, labor, and migration, making it an integral part of the ci

Busan City in South Korea has made a commitment to reduce greenhouse gas emissions and practice carbon-neutral living in the public sector, with the aim of becoming a "2050 Carbon Neutral Leading City." The city has expanded its "Emissions Trading System and Greenhouse Gas and Energy Target Management System" to include invested and acting organizations, in addition to administrative agencies and public corporations. There are 19 invested and funded organizations in Busan, including the Busan R

Behavioral economics integrates ideas from other disciplines to understand human decision-making and behavior. Consumers are multifaceted, and comprehending their choices is difficult. To be effective in marketing, you must understand what motivates people and be able to properly predict their behavior. Traditional economic theory holds that decision-makers make optimal decisions based on complete rationality, selfishness, and stable tastes. That is, whenever we are faced with a decision, we p