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Industry

South Korean industry holds back large-scale green investment amid policy uncertainty

South Korean companies are increasing use of green bonds to finance the energy transition, but weak enforcement of the country’s green taxonomy is raising greenwashing risks, a report said. IEEFA found South Korea ranked second in financial development among ASEAN+3 economies but fourth in green finance development. It said the voluntary K-Taxonomy could allow fossil fuel-dependent projects to be labelled green, potentially limiting overseas funding as global standards tighten.

Industry

Carbon cost burden seen as hurdle to attracting big tech tenants to data centres

Big tech companies are using access to renewable energy as a key yardstick when selecting sites for AI data centres, prompting warnings about South Korea’s competitiveness. The Institute for Energy Economics and Financial Analysis said South Korea’s power mix, with a high share of fossil generation, could become a structural weakness in attracting tenants. It said carbon price gaps could add costs for exports to the EU and raise counterparty risk and production costs for semiconductor clusters and AI data centres.