Tag Archives: south korea

South Korea to freeze greenhouse gas emissions for five years

greenhouse-gas-emissions.jpg

South Korea announced plans to cap greenhouse gas emissions at 2005 levels for the next five years, despite South Korea not required to make cuts under the Kyoto protocol.

In a policy report to President Lee Myung-bak, Environment Minister Lee Maan-ee presented the ministry’s initiative to contain emissions of carbon dioxide, the main greenhouse gas, at 2005 levels.

Hyundai to make Aero buses in India

South Korea’s Hyundai Motor Co signed a five-year agreement with London-based Caparo Group’s Indian unit to produce and sell high-end buses in India, marking its entry into the country’s rapidly growing market for premium buses.

Under the agreement, Hyundai will provide parts and production technology for Aero buses,  Caparo India will build a plant in Chennai, near Hyundai’s plant ,with a capacity to produce 1,500 units per year.