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[MZ Startup (1)] Dreaming of Revitalizing Korea's Declining Textile Industry

"I wanted to take on the challenge of running an eco-friendly business in the textile industry, which is overflowing with clothing waste." Kwon Dae-wook, a 32-year-old from the MZ generation, left his well-paying job at the global consulting firm McKinsey earlier this year to start his own company, 'Purply.' Purply is a startup that collects clothing waste, processes it into new fabric, and uses it to produce garments. In an interview on the 18th, Kwon stated, "I gained experience in environmental consulting at...

The Rapidly Growing Voluntary Carbon Market: Is It an Opportunity for Domestic Companies?

At the 26th United Nations Climate Change Conference (COP26) held in Glasgow last year, an agreement was reached on the mechanism for carbon emissions trading between countries. This has led to increased corporate interest in the Voluntary Carbon Market (VCM). VCM is a market where carbon credits, earned through voluntary greenhouse gas reduction activities by private entities, are traded independently of legal regulations. Companies can earn carbon credits through various voluntary carbon reduction activities, such as afforestation or renewable energy projects,...

Saranghae Qazaq (2023-2024)

"Made in Korea with love for Kazakhstan"

Three requirements for Korea to embrace nuclear power for more sustainable future

The global energy industry is witnessing unprecedented turbulence triggered by supply shocks, inflation and geopolitical issues. In contrast to where we stood a few years ago with the big issues of sustainability, including electrification and decarbonization -- dominating the CEO agenda -- we have now shifted the focus onto diversifying supply security. There have been numerous announcements to pace the speed of energy transition as a way of boosting energy security. For instance, highly developed countries like Germany and Australia...

Edoftomo (2022-2023)

a pioneering sustainable workwear brand crafted from recycled cotton fabric

New Nations and Companies Set to Lead the Emerging Energy Economy

"Global investors now view climate change risks not as uncertain variables, but as constants that must be addressed." Kwon Dae-wook, Associate Partner at McKinsey Korea, shared this insight during a pre-interview for the 13th E-Daily Strategy Forum, scheduled for June 15-16 under the theme "Climate Crisis: An Invitation to a Possible Future." He assessed the global investment industry's perspective on climate change. Kwon noted, "Investors are already imposing clear penalties on companies that fail to respond to climate change," citing the global...

Glosus (2020-2023)

"A spoon-full of knowledge for our sustainable planet"

Renewable Energy Power Imbalance: A case of Jeju and Hawaii

Google, Starbucks, Amorepacific, SK... What do they have in common? They're all companies that have committed to RE100. RE100 is a global campaign where companies pledge to power 100% of their operations with renewable energy. As of August this year, over 300 companies worldwide have joined the initiative. While the South Korean government's recently unveiled draft scenario for carbon neutrality, which aims for a 70% renewable energy target, has sparked much debate, the question remains: is achieving 100% renewable energy truly...

Insider's Valuation Technic (2022-2024)

McKinsey & Deloitte experts' secret notes on enterprise valuation

Targeting Blue Hydrogen Among the Hydrogen Trio

Interest in carbon neutrality has surged following the recent UN Climate Change Conference (COP26). The South Korean government announced plans to reduce greenhouse gas emissions by more than 40% compared to 2018 levels (up from the previous target of 26%) by 2030, and is soon expected to establish and announce relevant enforcement regulations. Hydrogen is one of the key alternatives proposed by the South Korean government to achieve its carbon neutrality goals, and it is a field in which South Korea...

Why hydrogen alliance among Korea, Japan, and Australia is important

The future of hydrogen looks promising in East Asia, as the region's largest carbon emitters -- Korea and Japan -- have adopted a stance toward importing substantial amounts of hydrogen from abroad. The two countries have quite similar energy profiles that have resulted in comparable decarbonization approaches, especially with respect to the use of hydrogen to replace fossil energy sources. However, the fact that Korea and Japan lack renewable power, gas production as well as carbon storage capacity makes it impractical...