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Telecommunications & Media

South Korea government, 3 telecoms to recycle critical minerals from scrapped network equipment

South Korea\'s government and the country\'s three mobile carriers will cooperate to promote domestic circulation and reuse of rare earths and other critical minerals contained in scrapped telecommunications equipment. The Ministry of Science and ICT and the climate ministry signed an agreement on June 11 with SK Telecom, KT, LG Uplus, KCA and the Korea Environment Corporation. A pilot project will track disposal and distribution flows and support automation, facilities, and guidelines.

AI & Enterprise

KT to supply renewable power to Tokyo Electron Korea under PPA

KT will pursue a direct power purchase agreement (PPA) with Tokyo Electron Korea to support carbon neutrality. The companies held a signing ceremony on May 11 with key officials attending. KT will supply renewable energy to Tokyo Electron Korea’s major sites, starting in September. It will initially provide 15 megawatts and then expand the transaction to 50 MW, a capacity it said can cover the sites’ annual power demand.

Finance

Woori Bank launches \'Next ESG\' strategy, confirms 50 key tasks

Woori Bank is putting its ESG management strategy into operation with a full execution framework. The bank set four strategic directions to expand ESG finance and confirmed 50 key tasks under the name \'NEXT 50\'. It also established a new ESG strategy, \'Next ESG\', aimed at achieving carbon neutrality by 2050 and fulfilling social responsibility. The plan includes emissions cuts, recycling expansion, support for eco-friendly firms and better access for vulnerable groups.